Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.
The benchmark index rose as much as 0.3 percent, touching an all-time high of 2,177.09, and completed its fifth straight month of gains.
Shares of Google parent Alphabet jumped 3.33 percent a day after the Internet company posted strong quarterly revenue growth, while online retailer Amazon.com touched a record high after giving an upbeat forecast for the current quarter.
Alphabet contributed the most to gains on the Nasdaq and the S&P 500.
The Dow Jones industrial average ended down 0.13 percent at 18,432.24 while the S&P 500 gained 0.16 percent to 2,173.6. The Nasdaq Composite added 0.14 percent to 5,162.13. For the week, the Dow fell 0.75 percent, the S&P edged down 0.07 percent and the Nasdaq rose 1.2 percent.
In July, the Dow rose 2.8 percent, the S&P climbed 3.6 percent and the Nasdaq surged 6.6 percent.
Volume was strong as investors wrapped up July. About 7.3 billion shares changed hands on US exchanges, above the nearly 6.6 billion daily average over the past 20 sessions.
On Friday, seven of the 10 major S&P 500 indexes were higher, led by a 1.33 percent rise in the telecoms services index.
Baidu dropped 3.64 percent after the Chinese Internet search engine posted its biggest quarterly profit decline since going public. The stock weighed the most on the Nasdaq.
Health insurer Cigna dropped 5.17 percent after reporting a lower-than-expected quarterly profit.
Advancing issues outnumbered declining ones on the NYSE by a 1.68-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.
The S&P 500 posted 41 new 52-week highs and one new low; the Nasdaq Composite recorded 104 new highs and 35 new lows.
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