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| S&P 500 closes at record high on German data | |
| (3 months later) | |
| (Close): Better-than-expected growth data from Germany helped to lift stocks on Wall Street on Friday. | (Close): Better-than-expected growth data from Germany helped to lift stocks on Wall Street on Friday. |
| The S&P 500 gained 8.51 points to end at 2,096.99, a new record high. | The S&P 500 gained 8.51 points to end at 2,096.99, a new record high. |
| The Dow Jones rose 46.97 points to finish at 18,019.35, and the tech-heavy Nasdaq added 36.22 to 4,893.84. | The Dow Jones rose 46.97 points to finish at 18,019.35, and the tech-heavy Nasdaq added 36.22 to 4,893.84. |
| Germany's economy expanded by 0.7% in the final three months of 2014, raising hopes that growth in the eurozone will gather pace. The eurozone as a whole grew by 0.3% in the quarter. | Germany's economy expanded by 0.7% in the final three months of 2014, raising hopes that growth in the eurozone will gather pace. The eurozone as a whole grew by 0.3% in the quarter. |
| As well as the growth news from the eurozone, investors have also been encouraged by the ceasefire deal in eastern Ukraine, and hopes of progress in the Greek debt talks. | As well as the growth news from the eurozone, investors have also been encouraged by the ceasefire deal in eastern Ukraine, and hopes of progress in the Greek debt talks. |
| Oil stabilises | Oil stabilises |
| A recovery in oil prices has also led investors to breath a sigh of relief. | A recovery in oil prices has also led investors to breath a sigh of relief. |
| The price of oil rose once more on Friday, leading some to believe that a bottom in prices - which have fallen by half since June last year - was near. | The price of oil rose once more on Friday, leading some to believe that a bottom in prices - which have fallen by half since June last year - was near. |
| The price of Brent crude rose 3.4% to $61.30 per barrel and the price of US oil - known as West Texas Intermediate crude - rose 2.4% to $52.50 per barrel. | The price of Brent crude rose 3.4% to $61.30 per barrel and the price of US oil - known as West Texas Intermediate crude - rose 2.4% to $52.50 per barrel. |
| Gaming woes | Gaming woes |
| One of the day's biggest losers was Farmville maker Zynga, which saw its shares plunge 15.8% after it reported widening losses late on Thursday as it struggles to attract users to its games. | One of the day's biggest losers was Farmville maker Zynga, which saw its shares plunge 15.8% after it reported widening losses late on Thursday as it struggles to attract users to its games. |
| Shares in American Express continued to fall, slipping nearly 3%, in the wake of the news that Costco will stop accepting the company's cards from next year. | Shares in American Express continued to fall, slipping nearly 3%, in the wake of the news that Costco will stop accepting the company's cards from next year. |
| TV network CBS saw its shares climb 3.6% after its fourth quarter revenues and profits came in ahead of expectations. Revenues rose 3% to $3.68bn while earnings per share rose to 77 cents from 69 cents. | TV network CBS saw its shares climb 3.6% after its fourth quarter revenues and profits came in ahead of expectations. Revenues rose 3% to $3.68bn while earnings per share rose to 77 cents from 69 cents. |