Nasdaq Closes At Record; U.S. Stocks Book Hefty Weekly Gains

The Nasdaq Composite closed at a record on Friday, powered by a rally in technology companies following Google's blockbuster results. Google shares soared by double digits, also closing at a record level, after the tech giant beat analysts' expectations for quarterly profits after the market close on Thursday. The main indexes booked solid weekly gains. The tech-heavy index gained 44.96 points, or 0.9%, to 5,210.14 and rose 4.25% over the week. The S&P 500 eked out a modest gain, rising 2.35 points, or 0.1%, to 2,126.64 and gaining 2.4% over the week, its first weekly gain in a month. The Dow Jones Industrial Average ended lower, falling 33.80 points, or 0.2%, to 18,086.45 but still booked a 1.8% weekly gain.