the republic logo

Amazon and other big technology companies rise sharply in midday trading; broader market mixed

bug
Share/Save/Bookmark

NEW YORK — Big gains by Amazon and Google are lifting technology stocks.

Amazon soared 15 percent in midday trading Friday after revealing details about its cloud computing service for the first time. Google and Microsoft also rose after reporting their latest quarterly results.

The Nasdaq composite index rose more than the rest of the market. The Nasdaq gained 40 points, or 0.8 percent, to 5,095 as of 11:45 a.m. Eastern time.

PHOTO: FILE - This Oct. 2, 2014 file photo shows the Wall Street subway stop on Broadway, in New York's Financial District. Stocks turned higher in European trading on Friday, April 24, 2015, despite a lack of progress on Greece's bailout.  (AP Photo/Richard Drew)
FILE - This Oct. 2, 2014 file photo shows the Wall Street subway stop on Broadway, in New York's Financial District. Stocks turned higher in European trading on Friday, April 24, 2015, despite a lack of progress on Greece's bailout. (AP Photo/Richard Drew)

The gain came a day after the index beat its record-high close from 2000 at the height of the dot-com boom.

The Dow Jones industrial average rose 14 points, or 0.1 percent, to 18,072.

The Standard & Poor's 500 rose four points, or 0.2 percent, to 2,117.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.91 percent.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.