Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The S&P 500 rose 1% Friday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%. Google’s parent company jumped after breezing past analysts’ expectations for profit and announcing its first dividend. Microsoft climbed after also topping forecasts. They helped offset a slide for Intel after it gave a forecast for profit that fell short of analysts’ expectations. Treasury yields eased after a report on inflation for March came in close to expectations. On Friday: The S&P 500 rose 51.54 points, or 1%, to 5,099.96. The Dow Jones Industrial Average rose 153.86 points, or 0.4%, to 38,239.66. The Nasdaq composite rose 316.14 points, or 2%, to 15,927.90. The Russell 2000 index of smaller companies rose 20.88 points, or 1.1%, to 2,002. |
Kanye West sheds his usual allHong Kong arrests 291 for endangering national security in past 4 years — Radio Free AsiaJustin Bieber steps out for lunch in very lowRachel Zegler and Kit Connor are confirmed to make Broadway debuts in Romeo + JulietGossip Girl star Leighton Meester gets into character as she joins coWill Smith wishes his 'ride or die' pal and Bad Boys coCSX profit drops 10% despite railroad delivering 3% more freight in first quarterBruno Tonioli, 68, reveals he needs Botox after feeling 'wrinkly' next to Britain's Got Talent coSami Sheen is nearly unrecognizable at Coachella as she swaps her racy OnlyFans look for a coveredEmma Roberts fans GUSH over her 'iconic' and 'magical' $3.6 MILLION 'grown