Google Makes History; Nasdaq at Record High on Tech Rally

Google (GOOGL) made history in its rally on Friday. The tech giant added a total $52 billion to its market capitalization, the largest single-day gain for any company ever. Google surged after reporting better-than-expected earnings a day earlier. The Nasdaq was trading at all-time highs thanks to a tech rally. The S&P 500 and Dow were lower, dragged on by energy stocks as the slide in crude prices continued. Advanced Micro Devices (AMD) was lower after a nearly 35% decline in sales in its second quarter. The steep drop in revenue was attributed to weakness in PC sales. Boeing (BA) fell after announcing it will book a $536 million charge in its second quarter due to necessary fixes to its KC-46 tanker aircraft. The company will deliver 18 of the tankers to the U.S. Air Force by August 2017.