- Sri Lanka seeks to match success in W.Indies T20s
- Sinner reaches Shanghai final, will end year number one
- China-EU EV tariff talks in Brussels end with 'major differences': Beijing
- Sabalenka downs Gauff in three sets to reach Wuhan final
- Israel warns south Lebanon residents to 'not return'
- Sinner tames Machac to reach Shanghai Masters final
- Buried Nazi past haunts Athens on liberation anniversary
- Harris to release medical report confirming fitness for presidency: campaign
- Nobel prize a timely reminder, Hiroshima locals say
- Hezbollah fires at Israel as wars rage on Yom Kippur
- Analysts warn more detail needed on new China economic measures
- China tees up fresh spending to boost ailing economy
- China says will issue special bonds to boost ailing economy
- China offers $325 bn in fiscal stimulus for ailing economy
- Dodgers drop Padres 2-0 to advance in MLB playoffs
- Alexei Navalny wrote he knew he would die in prison in new memoir
- Last-minute legal ruling allows betting on US election
- Despite hurricanes, Floridians refuse to leave 'paradise'
- Israel observes Yom Kippur amid firestorm over Lebanon strikes
- Trump demonizes migrants in dark, misleading speech
- X says 'alert' to manipulation efforts after pro-Russia bots report
- US, European markets rise before Boeing unveils sweeping job cuts
- Small Quebec company dominates one part of NHL hockey: jerseys
- Comoros shock Tunisia, Salah, Mbeumo strike in AFCON qualifiers
- Boeing to cut 10% of workforce as it sees big Q3 loss
- Germany win in Nations League as 10-man Dutch rescue point
- Undav brace sends Germany to victory against Bosnia
- Israel says fired at 'threat' near UN position in Lebanon
- Want to film in Paris? No sexism allowed
- Ecuador's last mountain iceman dies at 80
- Milton leaves at least 16 dead, millions without power in Florida
- Senegal set to announce breakaway development agenda: PM
- UN says 2 peacekeepers wounded in south Lebanon explosions
- Injury-hit Australia thrash 'embarrassing' Pakistan at Women's T20 World Cup
- Internal TikTok documents show prioritization of traffic over well-being
- Israel says fired at 'immediate threat' near UN position in Lebanon
- New US coach Pochettino hails Pulisic but worries over workload
- Brazil orders closure of 2,000 betting sites
- UK govt urged to raise pro-democracy tycoon's case with China
- Sculptor Lalanne's animal creations sell for $59 mn
- From Tesla to Trump: Behind Musk's giant leap into politics
- US, European markets rise as investors weigh rates, earnings
- In Colombia, children trade plastic waste for school supplies
- Supercharged hurricanes trigger 'perfect storm' for disinformation
- JPMorgan Chase profits top estimates, bank sees 'resilient' US economy
- Djokovic proves staying power as he progresses to Shanghai semi-finals
- Sheffield Utd boss Wilder 'numb' after Baldock death
- Little progress at key meet ahead of COP29 climate summit
- Fans immerse themselves in Marina Abramovic's first China exhibition
- Israel says conducting review after UN peacekeepers wounded in Lebanon
Tech surge lifts S&P 500 to first-ever close above 5,000 points
The S&P 500 surged Friday to finish above 5,000 points for the first time following the latest upward jump by large tech companies after months of gains.
The outsized gains by Google parent Alphabet, Amazon and other US tech icons also lifted the Nasdaq, despite a lackluster day in many overseas bourses.
A months-long rally in a series of large-capitalization tech stocks -- also including Apple, Microsoft and Nvidia --has led to repeat records on Wall Street.
"This is an environment that emphasizes the importance of following the leaders," said Adam Sarhan of 50 Park Investments.
"When you look at the leading stocks in Wall Street, clearly you can see technology continues to lead time and time again."
The broad-based index finished at 5,026.61, up 0.6 percent, notching its 10th closing record of 2024.
"While several US stock indices are trading in new record highs, their European peers find it difficult to keep up," said Axel Rudolph, Senior Market Analyst at online trading platform IG.
Recent labor and price data in the United States have underscored the resilience of the world's largest economy.
December's consumer price index was revised downward Friday to 0.2 percent on a monthly basis from 0.3 percent previously. Traders now turn their attention to the January CPI next week.
London fell for the third day in a row ahead of a slew of UK economic data next week, and AstraZeneca continued its slide on what the market interpreted as disappointing results.
Paris closed slightly lower as cosmetics company L'Oreal fell more than seven percent after it reported disappointing fourth quarter earnings.
But luxury giant Hermes bucked the trend, rising almost five percent after posting record annual sales and net profit, propelling it above L'Oreal as France's second biggest company in terms of market value.
Stock markets in Milan, Brussels and Amsterdam inched higher.
Oil prices climbed for a fifth straight day amid continued geopolitical worries.
- Key figures around 2150 GMT -
New York - Dow: DOWN 0.1 percent at 38,671.69 (close)
New York - S&P 500: UP 0.6 percent at 5,026.51 (close)
New York - Nasdaq: UP 1.3 percent at 15,990.66 (close)
London - FTSE 100: DOWN 0.3 percent at 7,572.58 (close)
Paris - CAC 40: DOWN 0.2 percent at 7,647.52 (close)
Frankfurt - DAX: DOWN 0.2 percent at 16,926.50 (close)
EURO STOXX 50: UP 0.1 percent at 4,715.87 (close)
Tokyo - Nikkei 225: UP 0.1 percent at 36,897.42 (close)
Hong Kong - Hang Seng Index: DOWN 0.8 percent at 15,746.58 (close)
Shanghai - Composite: Closed for a holiday
Euro/dollar: UP at $1.0789 from $1.0778 on Thursday
Dollar/yen: DOWN at 149.26 yen from 149.32 yen
Pound/dollar: UP at $1.2631 from $1.2617
Euro/pound: DOWN at 85.40 pence from 85.42 pence
West Texas Intermediate: UP 0.8 percent at $76.84 per barrel
Brent North Sea Crude: UP 0.7 percent at $82.19 per barrel
burs-jmb/md
S.F.Warren--AMWN