Investing.com - The S&P index edged up to close at a fresh record high on Friday, but the Nasdaq was lower as disappointing earnings results from Microsoft weighed on the technology sector.
The S&P 500 rose 0.16%, leaving it 0.7% higher for the week. The Dow Jones industrial average dipped 0.03% and ended the week 0.5% higher. The Nasdaq fell 1.07% on Friday to end the week 0.3% lower.
Shares in Microsoft tumbled 11.04% on Friday as disappointing fiscal fourth quarter earnings sparked fears over the demand outlook for Window’s tablet computers and phones.
Meanwhile, shares in Google fell 1.55% and shares in Hewlett-Packard were down 4.52%.
On Thursday, Google reported that second quarter earnings fell short of analysts’ expectations, as profits from advertising revenue declined.
U.S. equities market were boosted on Wednesday after Federal Reserve Chairman Ben Bernanke said there was no “preset course” for the bank to start tapering its USD85 billion-a-month asset purchase program.
In Europe, stocks were little changed on Friday but ended the week higher. Britain's FTSE 100 dipped 0.06%, while France’s CAC also ended down 0.06% on Friday. Germany’s DAX inched down 0.07%.
In Asia, markets were broadly lower on Friday, with Japan’s Nikkei down 1.48% in choppy trade ahead of an election in Japan’s upper house. Elsewhere, Australia's S&P ASX 200 was down 0.43% and the Hang Seng 40 edged up 0.08%.
Gold futures ended Friday’s session just below a one-month high, with gold futures for August delivery up 0.80% to settle the week at USD1,295.05 a troy ounce.
Oil prices ended Friday’s session at the highest level since March 2012, with crude futures for delivery in August up 0.40% to settle at USD108.23 a barrel.
The S&P 500 rose 0.16%, leaving it 0.7% higher for the week. The Dow Jones industrial average dipped 0.03% and ended the week 0.5% higher. The Nasdaq fell 1.07% on Friday to end the week 0.3% lower.
Shares in Microsoft tumbled 11.04% on Friday as disappointing fiscal fourth quarter earnings sparked fears over the demand outlook for Window’s tablet computers and phones.
Meanwhile, shares in Google fell 1.55% and shares in Hewlett-Packard were down 4.52%.
On Thursday, Google reported that second quarter earnings fell short of analysts’ expectations, as profits from advertising revenue declined.
U.S. equities market were boosted on Wednesday after Federal Reserve Chairman Ben Bernanke said there was no “preset course” for the bank to start tapering its USD85 billion-a-month asset purchase program.
In Europe, stocks were little changed on Friday but ended the week higher. Britain's FTSE 100 dipped 0.06%, while France’s CAC also ended down 0.06% on Friday. Germany’s DAX inched down 0.07%.
In Asia, markets were broadly lower on Friday, with Japan’s Nikkei down 1.48% in choppy trade ahead of an election in Japan’s upper house. Elsewhere, Australia's S&P ASX 200 was down 0.43% and the Hang Seng 40 edged up 0.08%.
Gold futures ended Friday’s session just below a one-month high, with gold futures for August delivery up 0.80% to settle the week at USD1,295.05 a troy ounce.
Oil prices ended Friday’s session at the highest level since March 2012, with crude futures for delivery in August up 0.40% to settle at USD108.23 a barrel.