BUZZ-U.S. STOCKS ON THE MOVE-Google, Facebook, Etsy, Rapid7, Oil stocks
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) The Nasdaq composite hit a record high on Friday on strong results from Google, while the Dow and the S&P 500 fell, dragged down by Boeing and energy stocks.
The Dow Jones industrial average was down 0.36 percent at 18,054.88, the S&P 500 was down 0.10 percent at 2,122.27 and the Nasdaq Composite was up 0.55 percent at 5,191.829.
** GOOGLE INC, $697.73, +15.94 pct
** GOOGLE INC, $666.66, +14.97 pct
** FACEBOOK INC, $94.5, +4.02 pct
Google shares surged above $700 to a record high after its profit beat forecasts for the first time in six quarters, boosted by strong ad revenue and its new CFO said spending would be disciplined.
The strong report rubbed off on Facebook, which hit a record high on expectations it would mirror Google's ad growth.
BREAKINGVIEWS-Google's new CFO recalibrates investment algorithm