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Nasdaq briefly turns up; Dow, S&P 500 cut losses

Posted by: Admin | Posted on: January 31st, 2014 | 0 Comments

NEW YORK (Reuters) – The Nasdaq briefly turned positive in afternoon trading on Friday, while the Dow and SP 500 sharply cut losses, helped by gains in shares of Google and as bargain hunters stepped in following recent heavy selling.

Google shares (GOOG.O) gained 4.3 percent to $1,184.08 after reporting stronger-than-expected quarterly revenue after the bell on Thursday.

The Dow Jones industrial average .DJI fell 73.35 points or 0.46 percent, to 15,775.26, the SP 500 .SPX lost 3.03 points or 0.17 percent, to 1,791.16 and the Nasdaq Composite .IXIC dropped 4.72 points or 0.11 percent, to 4,118.405.

(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)

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