The S&P 500 climbed to a new all-time high of 2,097.03 points on Friday, before closing at a record of 2096.99 points, up 8.51
points Marco
Reus Trikot , or 0.41 percent, with the energy sector rising 1.95 percent
to lead gains.
The Dow increased 46.97 points, or 0.26 percent, to 18,019.35, above the round-number mark of 18,000 points for the first time this year.
The Nasdaq Composite Index extended gains after logging its highest level since March 2000
Thursday Mario
Gotze Trikot , up 36.22 points, or 0.75 percent, to 4,893.84.
Seasonally adjusted gross domestic product (GDP) rose by 0.3 percent in the euro area during the fourth quarter of 2014, compared with the previous quarter,
said the statistical office of the European Union on Friday. European equities
advanced broadly on the better-than-expected economic data.
The German economy increased 0.7 percent in the fourth quarter after expanding 0.1 percent in the previous three months, while data from France
showed a 0.1-percent growth.
Strengthening oil prices also provided upward jolts to the stock market. Brent crude rose above 60 dollars a barrel on Friday for the first time this
year Jadon
Sancho Trikot , as data showed more rigs were pulled out of oil fields in
the United States this week.
Light, sweet crude for March delivery moved up 1.57 U.S. dollars to settle at 52.78 dollars a barrel on the New York Mercantile Exchange, while Brent crude
for March delivery added 4. 47 dollars to close at 61.52 dollars a barrel.
Meanwhile, Wall Street continued to embrace the Ukraine ceasefire agreement, which boosted European and U.S. stocks Thursday. Russia President Vladimir Putin
said he and leaders of France, Germany and Ukraine had agreed on the withdrawal
of heavy weapons from Ukraine's frontlines and a ceasefire to begin from Feb.
15.
However, U.S. consumer sentiment came out lackluster in the day. The Thomson ReutersUniversity of Michigan's February reading of consumer sentiment index
fell to 93.6 from January's 11-year high of
98.1 Thomas
Delaney Trikot , missing market expectations.
On a weekly basis, the Dow, the S&P 500 and the Nasdaq posted gains for a second straight week, up 1.1 percent, 2.0 percent and 3.1 percent, respectively.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge Achraf
Hakimi Trikot , dropped 4.24 percent to end at 14.69 Friday.
The dollar traded mixed against other major currencies as data from the country came out negative. In late New York trading, the euro slipped to 1.1387
dollars from 1.1413 dollars in the previous session, and the dollar bought
118.77 Japanese yen, lower than 118. 87 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange rose as the dollar weakened amid U.S. data showing weaker consumer sentiment. The
most active gold contract for April delivery rose 6.4 U.S. dollars, or 0.52
percent, to settle at 1, 227.10 dollars per ounce.
China's Huawei Technologies Co Ltd [HWT.UL] and Intel Corp are expanding an existing alliance to provide cloud computing to global telecoms
carriers Abdou
Diallo Trikot , as U.S. tech firms vie for Chinese tie-ups to retain
access to a tough mainland market.
The partnership, announced by Huawei in a statement, comes as U.S and other Western tech firms' scramble to burnish their bona fides with China.
Joining hands with Chinese companies, including technology transfers and adopting Chinese partners' branding, can make these products more palatable to
local buyers and authorities in the world's second-largest economy.
"How do you stay in this market and do the least damage to your core business - that's the puzzle everybody is focusing on now," said James McGregor, chairman
for advisory firm APCO China.
China's government has been openly pushing for the use of more Chinese and less foreign-made
technology Dan-Axel
Zagadou Trikot , both to grow its own tech sector and as a response to
former U.S. National Security Agency contractor Edward Snowden's leaks about
widespread U.S. cyber surveillance.
These policies have become a source of considerable friction in foreign relations.
Earlier this week, U.S. President Barack Obama warned of a proposed anti-terrorism law's impact on technology firms and international business, and
demanded amendments.
Other U.S. enterprise tech firms adopting a partnership strategy include IBM Corp, Dell Inc [DI.UL], Cisco Systems Inc, Hewlett-Packard Co and Juniper
Networks Inc.
The cloud computing industry is a focus area for China, with Premier Li Keqiang saying in his government work report delivered to parliament on Thursday
that the government would support its development.
Intel and Huawei have collaborated previously Roman
Burki Trikot , including a server and cloud product team-up in 2012 and an
agreement to cooperate on data storage last April.
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