Nasdaq logs best week in nearly nine months as Google jumps
Source: AP-Excite
By MATTHEW CRAFT
NEW YORK (AP) — A strong week fizzled to a close on Friday as the stock market eked out a small gain. But a few companies made big moves. Google surged after reporting strong results, pushing the Nasdaq to another record high.
It was a quiet end to an eventful week. Markets around the world rallied on Monday after Greece and its creditors agreed to a broad framework for a new loan program. Stronger quarterly earnings reports from a range of big U.S. companies, including Citigroup and JPMorgan Chase, added more encouragement.
"It appears the sky is clearing," said Linda Duessel, senior equity strategist at Federated Investors.
Before this week, concerns about China's plunging stock market and the prospect of Greece leaving the euro "had been bogging us down," she said.
FULL story at link.
FILE - In this Oct. 2, 2014, file photo, people pass a Wall Street subway stop, in New York's Financial District. World stock markets were uneven Friday, July 17, 2015, as Europe's rally faded while most Asian indexes advanced, led by a jump in Chinese shares, after strong U.S. earnings. (AP Photo/Richard Drew, File)
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