WALL Street ended stronger yesterday, with the Nasdaq up more than one per cent at a record high after earnings reports from eBay and Netflix boosted optimism.
Google’s shares jumped more than 13 per cent after the bell following a better-than-expected profit report.
Sentiment was also bolstered after the Greek parliament voted in favor of austerity measures. Uninspiring quarterly reports from Goldman Sachs and UnitedHealth, however, capped gains on the Dow.
The S&P has surged almost four per cent from eight days ago, when widespread fears about Greece and a Chinese stock selloff pushed the index to its lowest level since March.
The Dow Jones industrial average rose 70.08 points, or 0.39 per cent, to 18,120.25. The S&P 500 gained 16.89 points, or 0.8 per cent, to 2,124.29. The Nasdaq Composite added 64.24 points, or 1.26 per cent, to end at 5,163.18, just beating its previous record-high close of 5,160.095 on June 23. The S&P was also near a record high.
Google’s Class A shares jumped 13.5 per cent to $683 after the web search leader posted a better-than-expected profit for the first time in six quarters.
Netflix surged 18.02 per cent to a record high of $115.81 a day after reporting strong subscribers numbers.
Citigroup reported its highest quarterly profit in eight years. Its shares rose 3.77 per cent to a six-and-a-half year high of $58.59.
EBay rose 3.39 per cent to a record high of $65.59.