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ios developer account:Nasdaq surges on megacap earnings but U.S. fiscal uncertainty nags


NEW YORK - The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar. Apple Inc shares surged 10.5% to close at a record $425.04 in the wake of blowout quarterly results and a four-for-one stock split announcement. Amazon.com Inc gained 3.7% after posting its biggest profit ever while Facebook jumped 8.2% after the social media platform blew past revenue expectations. Google parent Alphabet Inc fell 3.3% though, the biggest drag on the S&P 500 and Nasdaq, as it posted the first quarterly sales dip in its 16 years as a public company. "The results were just fabulous, just so strong," said Tim Ghriskey,?Chief Investment Strategist at Inverness Counsel in New York.?"These are extremely profitable companies and they produce products that people want." The four companies are among the top five in market capitalization, representing roughly 20% of the S&P 500's total. Apple's gain pushed it ahead of Saudi Aramco as the world's most valuable public company, according to Refinitiv data. (GRAPHIC: Apple briefly becomes world's most valuable company - /zb_users/upload/20200801/3t0ykb0erwe204.png) The White House and Democrats were still negotiating on coronavirus relief aid, but not yet on a path toward reaching a deal, according to House of Representatives Speaker Nancy Pelosi, hours before the expiration of a federal unemployment benefit. "It seems like they are far apart and supposedly they are working at it and there is a lot of name calling and as usual there is a lot of bad blood between these two parties and they have to come to some compromise, clearly, but they are not there, that,

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