Nasdaq Composite Gains as Google, Amazon.com Rally on Earnings
Breaking Down the Nasdaq’s Record High
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The Nasdaq Composite Index extended a record and the Standard & Poor’s 500 Index closed at an all-time high as Google Inc., Microsoft Corp. and Amazon.com Inc. rallied after posting quarterly results.
Google jumped 3.3 percent after saying first-quarter advertising volume jumped. Amazon climbed 14 percent as sales climbed more than analysts projected. Microsoft gained 10 percent, the most since April 2009, after quarterly profit beat estimates.