Nasdaq Futures Jump After Amazon, Google Earnings Beat Targets

Futures on the Nasdaq 100 Index rallied after Amazon.com, Microsoft and Google parent Alphabet all posted quarterly profit that topped estimates, together adding about $ 100 billion to their shares in after-hours trading.

All three stocks soared at least 7 percent. Facebook Inc. added 2.2. percent. Nasdaq futures expiring in December traded at 4,574.50, or 2 percent above their level at the 4 p.m. close Thursday in New York.

Source : Bloomberg

MARKET

Nasdaq Extends Record on Google; Energy Weighs on S&P 500 Index

The Nasdaq Composite Index extended its all-time high after Google Inc. jumped on earnings, while the Standard & Poor’s 500 Index fluctuated as energy shares fell with oil.

The Nasdaq Composite Index rose 0.6 percent to 5,193.78 at 10:08 a.m. in New York. The S&P 500 lost 0.1 percent to 2,122.69 after adding 0.8 percent Thursday to close in on its all-time high. The Dow Jones Industrial Average fell 62.06 points, or 0.3 percent, to 18,058.19.

The Nasdaq Composite climbed 1.3 percent to a high yesterday, with companies including Netflix Inc. surging after reporting financial results. The S&P 500 closed 0.3 percent below its record and is on course for its biggest weekly gain in four months, up 2.3 percent.

Source: Bloomberg

MARKET