Exxon Mobil Gain Helps Boost Blue Chips to Another Record; Advanced Micro Drops on Forecast; Google Tops $500
A strong advance from Exxon Mobil helped lift the Dow Jones Industrial Average to its second record in as many days, while Google surpassed $500 and helped place the Nasdaq Composite Index at a six- year peak.</br></br>But Advanced Micro Devices was a big decliner after saying it won't produce as much profit as expected, and Cablevision Systems slid as a buyout offer was seen as too light, losing 1.21, or 4.1%, to 28.39.</br></br>The Dow's 41.10-point, or 0.33%, rise Friday to 12556.08 meant that it rose 1.3% on the week. This was its best week, points and percentage-wise, since mid-November.</br></br>The Nasdaq Composite gained 17.97, or 0.72%, to 2502.82, and gained 2.8% for the week. The Standard & Poor's 500-stock index added 6.91, or 0.49%, to 1430.73, and 1.5% for the week.</br></br>"The economic numbers we've seen over the past few days are showing we're not rolling over into a recession, and right now the market is somewhat relieved," said Jay Suskind, director of trading at Ryan Beck & Co.