Amazon and Alphabet give Nasdaq its biggest boost in 20 months
A day for the books! Amazon and Alphabet’s stellar earning reports shot Nasdaq the sharpest since march last year.
On another front the US of A saw it’s strongest consecutive quarters of GDP growth. Data showed the economy expanded 3% on a yearly basis, from an estimated 2.8%.
Here’s what caught our eye among stocks:
S&P 500 added 0.81% at 4:05 p.m. New York time.
Nasdaq 100 Stock sprung 2.91%.
Stoxx Europe 600 gained 0.55%.
FTSE 100 rose 0.25%.
DAX gained 0.64% to the highest on record.
A fairly uneventful FX trade:
The dollar climbed less than 0.05%.
The euro dipped 0.4% to $1.16, the weakest in 14 weeks.
The pound declined 0.3% to $1.3127.
Big stir ups in the commodity sector:
WTI crude rose 2.5% to $53.97 a barrel, the highest in about six months; Brent crude jumped 1.9% to $60.40, the highest in about two years.
Gold added 0.5% to $1,272.96 an ounce.