Chipotle, Google Lead Stocks Higher During Boston Manhunt
NEW YORK ( TheStreet) -- U.S. stocks advanced Friday buoyed by solid first-quarter results from Google
Google shares gained 4.4% to $799.87 after the Internet search leader beat Wall Street earnings expectations for the first quarter.
The S&P closed up 0.88% to 1,555.25. The index slid 2.11% over the past five trading sessions. The Nasdaq jumped 1.25% to 3,206.06. The tech-heavy index fell 2.7% for the week. The Dow Jones Industrial Average finished higher by 0.07% to 14,547.51. The blue-chip index dropped 2.14% this week.
Police continued to search Boston and adjacent towns for one of two men allegedly behind the bombing Monday at the site of the city's annual marathon that left three people dead and scores maimed. The focus was on the city of Watertown where all vehicular traffic has been banned, and in Cambridge, where the suspects, a pair of brothers were said to have lived and attended school, the Boston Herald reported.
Chipotle was the top gainer on the S&P 500 , surging 11.5% to close at $366.25 a share after the restaurant chain said its first quarter profit grew despite higher food prices.
Capital One Financial
According to Thomson Reuters, the blended estimate for the first quarter, which reflects reported results and analyst expectations, is for year-over-year growth of 2.1% from the S&P 500 , down from 6.3% in the fourth quarter. So far, 18% of S&P 500 companies have reported. General Electric
McDonald's slipped 2% to $99.92 after the hamburger chain warned its April global comparable sales may be negative amid a "challenging global environment. The company reported first-quarter earnings that missed estimates by a penny as revenues of $6.605 billion met expectations.