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Home / Business / S&P 500, Nasdaq hit new heights Friday ahead of crucial Fed decision Wednesday

S&P 500, Nasdaq hit new heights Friday ahead of crucial Fed decision Wednesday



U.S. stocks closed again Friday, driven by bullish earnings reports and a better-than-expected reading of domestic GDP for the second quarter. Dow Jones Industrial Average

DJIA, + 0.19%

was up around 65 points, or 0.24%, to close around 27,207. S&P 500

SPX, + 0.74%

rose 23 points, 0.80% to close at 3,025, a new high of all time. Nasdaq Composite

COMP, + 1.11%

also mapped a new height, closing 8334, an increase of 93 points, just over 1%. Technology heavyweights like Alphabet

GOOG, + 10.45%

and Twitter

TWTR, + 8.92%

was up Friday with solid earnings, while shares of T-Mobile US Inc

TMUS, + 5.43%

and Sprint Corp

S, + 7.39%

rose after the Department of Justice approved the proposed merger.


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