Alphabet, Starbucks earnings drive S&P 500 and Nasdaq to record highs

Topics Alphabet | Starbucks


Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter. The US Commerce Department said GDP increased at an annualised rate of 2.

1 per cent in the second quarter, higher than a 1.8 per cent rate forecast by economists polled by Reuters. The GDP data further solidified wide expectations that the US Federal Reserve will cut interest rates at its policy meeting next week. Those.

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