Amazon Earnings Drive S&P 500, Nasdaq to All-Time Highs

The S&P 500 and Nasdaq closed at new all-time highs on Friday as an earnings-driven rally in shares of Amazon (AMZN), Google (GOOGL) and Microsoft (MSFT) pushed markets higher. Amazon was the best performer on the S&P 500. Wall Street was pleased after the tech giant reported a double-digit increase in quarterly revenue. Xerox (XRX) was the worst performer on the S&P 500, tripping more than 8% after cutting its profit outlook on a stronger dollar. Microsoft led the Dow, reporting strong growth in hardware and cloud computing and beating both earnings and sales estimates in its first quarter. Exxon Mobil (XOM) was among the worst performers on the Dow.