Nasdaq and the S&P 500 both chalked up record closes on Friday, driven by strong results form tech titans Google, Amazon and Microsoft. Bobbi Rebell reports.
A rally by a trio of technology's bluest blue chips drove the Nasdaq and S&P 500 to close at new record highs. It comes one day after the Nasdaq finally closed above its tech-bubble peak hit 15 years ago. For the week- no surprise with all those new records- all the major indexes posted gains. Comcast and Time Warner Cable called off their $45 billion marriage deal after encountering scrutiny from regulators. Both shares rallied on the news. The Apple Watch went on sale at select upscale boutiques and department stores. Mashable's Lance Ulanoff. SOUNDBITE: LANCE ULANOFF, CHIEF CORRESPONDENT AND EDITOR-AT-LARGE, MASHABLE (ENGLISH) SAYING: "The decision to go with those boutiques is important because this is an Apple device unlike any other before. It is a fashion device and it's being sold like that. It's being sold like a high-end fashion device." Supply chain sources tell Reuters Apple aims to ship more than 20 million watches this year. Shares of tech titans Amazon, Microsoft and Google shot up one day after reporting results. Amazon delivered a big surprise. The online retailer disclosed for the first time that it's making money from its cloud-computing business. That propelled its shares skyward to a record high. The cloud also helped cross-town rival Microsoft beat estimates by offsetting a decline in its Windows business. And down south in Silicon Valley, Google didn't talk about its cloud business. But a number of brokerages raised their target price on its shares after the search engine giant reported higher profits and revenue. Investors got more signs of sluggish spending by companies. Business spending plans fell for the seventh month in a row in March. In Europe, stocks recouped much of Thursday's losses. Strong corporate earnings and economic data lifted shares.