Sunday, July 17, 2011

Wall Street ends higher, helped by Google (Reuters)

NEW YORK (Reuters) ? Google's blowout quarter led the Nasdaq higher on Friday, but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week.

The gains were a bright spot in a stretch dominated by selling that pushed the S&P 500 to its worst week in five. Worries about U.S. and European government debt troubles put pressure on the market even as investors expect a batch of strong corporate results next week.

The Dow Jones industrial average (.DJI) was up 42.61 points, or 0.34 percent, to end unofficially at 12,479.73. The Standard & Poor's 500 Index (.SPX) was up 7.28 points, or 0.56 percent, to finish unofficially at 1,316.15. The Nasdaq Composite Index (.IXIC) was up 27.13 points, or 0.98 percent, to close unofficially at 2,789.80.

For the week, the S&P 500 ended down 2 percent while the Dow lost 1.4 percent and the Nasdaq fell 2.4 percent.

(Reporting by Ryan Vlastelica; Editing by Jan Paschal)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20110715/bs_nm/us_markets_stocks

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