A roundup of trading on major world markets:
NEW YORK – The Nasdaq has closed at a record high for the second straight session, jumping more than 0.9 per cent following a surge in Google shares.
The tech-rich Nasdaq Composite Index jumped 46.96 points (0.91 per cent) to 5,210.14 on Friday.
The Dow Jones Industrial Average dropped 33.80 (0.19 per cent) to 18,086.45, while the broad-based S&P 500 added 2.35 (0.11 per cent) at 2,126.64.
Google powered 16.1 per cent higher after reporting that second-quarter net income climbed two per cent to $US3.4 billion on an 11 per cent rise in revenue to $US17.7 billion, thanks in part to increases in mobile advertising.
The tech giant also gave a bullish outlook on its YouTube business and hinted that moves to return cash to shareholders were in the horizon.
LONDON – European stocks marked a pause despite growing optimism over Greece which was given a further boost as the EU approved a 7 billion euros ($A10.28 billion) bridge loan for Athens.
London’s benchmark FTSE 100 index of top companies slid 0.31 per cent to end at 6,775.08 points, while in Frankfurt the DAX 30 shed 0.37 per cent to 11,673.42 points.
Milan slipped 0.07 per cent and Madrid gave up 0.26 per cent.
The CAC 40 in Paris bucked the trend end the day up 0.06 per cent to 5,124.39 points.
The euro slipped to $US1.0855 from $US1.0875 late on Thursday in New York.
HONG KONG – Asian markets mostly rose after the European Central Bank boosted emergency aid to Greece and eurozone chiefs agreed a bridging loan to the country, while Hong Kong and Shanghai rallied as fears over a renewed mainland rout eased.
Tokyo rose 0.25 per cent, or 50.80 points, to 20,650.92, marking a five-day winning streak.
Shanghai jumped 3.51 per cent, or 134.18 points, to 3,957.35 – the index has now risen for two straight weeks, clawing back some of the huge losses suffered in just under a month after hitting a June 12 peak. However, it is still down more than 23 per cent.
Hong Kong ended 1.00 per cent higher, adding 252.49 points to 25,415.27.
Sydney closed flat, adding just 0.5 of a point, or 0.01 per cent, to end the week at 5,670.1, but Seoul dipped 0.53 per cent, or 11.10 points to 2,076.79.
WELLINGTON – The S&P/NZX 50 index advanced 29.62 points, or 0.5 per cent, to 5853.77.
