US STOCKS-Wall St boosted by earnings, S&P posts best week in nearly two years

viernes 24 de octubre de 2014 16:26 GYT

* Amazon tumbles, Microsoft climbs after earnings

* U.S. new home sales climb to six-year high

* Indexes all rise: Dow 0.76 percent, S&P 0.71 percent, Nasdaq 0.69 percent (Updates with close, new quote)

By Yasmeen Abutaleb

NEW YORK, Oct 24 (Reuters) - U.S. stocks closed 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 in the United States.

The S&P 500 was up 5.5 percent from its low on Oct. 15 and had its best weekly gain in nearly two years, boosted by solid corporate earnings reports.

News of the first case of Ebola diagnosed in New York City hit futures late on Thursday, but the markets shook 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, while the World Health Organization set out plans for speeding up development and deployment of experimental Ebola vaccines.

"I am encouraged by the fact that the market seems to be having a cooler head about the most recent Ebola news," said Steve Sosnick, equity risk manager at Timber Hill/Interactive Brokers. "It feels like a market that's trying to consolidate some very sharp moves."

Shares of Microsoft rose 2.5 percent to $46.13, after the company reported higher-than-expected quarterly revenue while keeping profit margins largely intact.   Continuación...