Tech Company Gains Boost Markets To End Week
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iStock/Thinkstock(NEW YORK) — Big gains in tech companies on Friday helped to push the markets higher to end the week.
The Dow Jones Industrial Average closed at 18,080.14, up 21.45 from its open.
The Nasdaq rose by 36.02 to close at 5,092.08. The S&P 500 was up by 4.76, finishing the session at 2,117.69.
Amazon stock soared 15 percent on Friday, after the company revealed details about its cloud service for the first time. Shares of Google and Microsoft also rose on Friday, after both companies reported their quarterly results.
Pepsico hopes a change in formula will result in fizzier sales for Diet Pepsi. The company announced on Friday it’s removing Aspartame from the drink’s formula, and replacing it with the sweetener commonly known as Splenda.
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