Stocks Opened Mixed, Nasdaq at a Record High

U.S. stocks opened mixed on Friday with the Nasdaq Composite hit an intraday record as tech stocks rallied. The Dow Jones Industrial Average lately fell 64.8 points, or 0.36%, to 18,055.45. The S&P 500 was off by 1.56 points, or 0.07%, to 2,122.73. The Nasdaq Composite rose 27.16 points, or 0.53%, to 5,190.35.

The consumer price index rose a seasonally adjusted 0.3% in June, spurred by rising costs for housing, gasoline and food such as eggs, the government said Friday. Energy prices rose 1.7% and food prices increased 0.3%, the Labor Department said.

New-home construction in the U.S. climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 percent to a 1.17 million annualized rate from a revised 1.07 million in May that was stronger than previously estimated.

General Electric Co (GE.N) raised its 2015 outlook for its industrial manufacturing businesses on Friday as it reported a 5 percent increase in its quarterly industrial profits. GE posted an overall second-quarter net loss of $1.36 billion, or 13 cents per share.

Honeywell International Inc. said it earned $1.22 billion, or $1.51 a share, up from $1.13 billion, or $1.38 a share, in the year-earlier period. Sales eased back to $9.78 billion from $10.25 billion.

The U.S. oil benchmark retreated further Friday, one day after marking its lowest settlement in about three months. August West Texas Intermediate crude was last down 5 cents, or 0.1%, to $50.86 a barrel, after briefly trading as low as $50.67.

German lawmakers overwhelmingly backed Friday a new bailout plan for Greece after Chancellor Angela Merkel warned that the cash-strapped country would face chaos without a deal. Following more than three hours of debate, German lawmakers voted 439-119 in favor of opening detailed discussions on the package.






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