US STOCKS-Tech stocks power Wall St recovery, S&P hits new high

viernes 29 de julio de 2016 13:07 GYT

* Alphabet, Amazon prop up S&P, Nasdaq

* Exxon weighs on Dow

* 2nd-qtr GDP growth up 1.2 pct vs est. 2.6 pct

* Dow down 0.06 pct, S&P up 0.2 pct, Nasdaq up 0.29 pct (Updates to early afternoon)

By Yashaswini Swamynathan

July 29 (Reuters) - Wall Street turned positive in afternoon trading on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month, as gains in Alphabet and Amazon more than made up for losses in energy shares.

The benchmark index rose as much as 0.36 percent, touching an all-time high of 2,177.09, and was on track for its fifth-straight month of gains.

Shares of Google's parent, Alphabet, rose 4.8 percent to $802.4, a day after the company posted strong quarterly revenue, while online retailer touched a record high after giving an upbeat forecast for the current quarter.

The stocks gave the biggest boost to both the S&P and the Nasdaq.   Continuación...