Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November.
The S&P 500 rose 1% Friday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%.
Google’s parent company jumped after breezing past analysts’ expectations for profit and announcing its first dividend. Microsoft climbed after also topping forecasts. They helped offset a slide for Intel after it gave a forecast for profit that fell short of analysts’ expectations. Treasury yields eased after a report on inflation for March came in close to expectations.
On Friday:
The S&P 500 rose 51.54 points, or 1%, to 5,099.96.
The Dow Jones Industrial Average rose 153.86 points, or 0.4%, to 38,239.66.
The Nasdaq composite rose 316.14 points, or 2%, to 15,927.90.
The Russell 2000 index of smaller companies rose 20.88 points, or 1.1%, to 2,002.
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