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Stocks rise on tech earnings; Nasdaq adds to record

Stock indexes edged higher Friday, helped by gains in big technology companies including Google, Amazon and Microsoft.

KEEPING SCORE: The Standard & Poor's 500 index rose four points, or 0.2 percent, to 2,117 as of 10:45 a.m. on Wall Street. The Nasdaq composite added 35 points, or 0.7 percent, to 5,090 and the Dow Jones industrial average was flat at 18,058.

BIG GAINS IN BIG TECH: Microsoft, Amazon and Google all rose sharply after the companies reported earnings that came in above analysts' expectations.

Amazon jumped $57.02, or 15 percent, to $446.99. While the company reported a quarterly loss, investors were encouraged the growth in some of Amazon's other businesses, including Amazon's cloud computing division.

Microsoft rose $3.21, or 7 percent, to $46.55. The software giant had results that beat expectations, and like Amazon, showed promising growth in its non-traditional businesses like cloud computing.

Google rose $13.54, or 3 percent, to $560.70. The search and advertising company missed analysts' expectations; the company had strong growth in mobile advertising.

GREECE: A meeting between Greece and its creditors ended without a deal. A top official said "significant" progress is still needed. The lack of a deal keeps uncertainty over Greece, which is forecast to have enough money only for another few weeks.

WALK AWAY: Time Warner Cable and Comcast rose after the companies called off their $45 billion merger following pressure from regulators. Comcast rose 8 cents to $59.29 and Time Warner Cable rose $3.97, or 3 percent, to $152.84.

NASDAQ RECORD: On Thursday the Nasdaq composite rose to 5,056.06 points, beating the record of 5,048.62 it set on March 10, 2000 at the height of the dot-com boom.

ENERGY: Benchmark U.S. crude oil fell $1.17 to $56.53 a barrel on the New York Mercantile Exchange.

CURRENCIES, BONDS: The dollar fell to 119.06 yen from 119.62 yen. The euro was little changed at $1.0858.

U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 1.91 percent from 1.96 percent late Thursday.

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