US STOCKS-Facebook fuels S&P 500 to record high close
The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon. Facebook Inc surged to an intra-day all-time high after beating market expectations for quarterly revenue and profit late on Wednesday, helped by a surge in digital ad spending during the pandemic and higher ad prices. Seven of the 11 major S&P 500 sectors rose, with the communication services index leading the way, boosted by Facebook and Alphabet.
Published:4/29/2021 3:07:58 PM