US STOCKS-Wall St boosted by earnings; on track for best week of year

viernes 24 de octubre de 2014 14:54 GYT

* Amazon tumbles, Microsoft climbs after earnings

* New home sales climb to six-year high

* Indexes: Dow up 0.7 pct, S&P UP 0.6 pct, Nasdaq up 0.4 pct (Updates pricesd)

By Chuck Mikolajczak

NEW YORK, Oct 24 (Reuters) - U.S. stocks were on pace to close out their best week in nearly two years on Friday, helped by earnings from Microsoft and Procter & Gamble and as concerns eased over the possible spread of Ebola.

The S&P 500 is up 3.7 percent for the week, putting the index on track for its best week since the start of 2013, boosted by solid corporate earnings reports.

News of the first case of Ebola diagnosed in New York hit futures late on Thursday, but the markets have shaken off those concerns on Friday. A doctor being treated for Ebola in a New York City hospital is in stable condition, the city's health commissioner said on Friday, while the World Health Organization set out plans for speeding up development and deployment of experimental Ebola vaccines.

"The management of the Ebola virus has given the market some confidence that they can move forward and focus on what pricing is really predicated upon - earnings and data - and in both cases they have been very constructive," said Peter Kenny, chief market strategist at Clearpool Group in New York.

Microsoft was up 2.2 percent at $46.02, after it reported higher-than-expected quarterly revenue while keeping its profit margins largely intact.   Continuación...