News & Events:GOOG

* All 3 major indexes post weekly gains. * Dow closes above 35,000 for first time ever. * Social media stocks rally after upbeat results. * Intel (INTC) sales forecast implies rocky second half. * Indexes up: Dow 0.68%, S&P 1.01%, Nasdaq 1.04% By Stephen Culp.

By Stephen Culp. Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite. The S&P 500, the Nasdaq and the Dow all notched weekly gains. "We see a continuation of the last couple days.

The rally on Wall Street faces a fresh test next week with a flood of earnings reports from major U.S. companies, including the tech and internet behemoths that have recently retaken leadership of the market.

* Social media stocks rally after upbeat results. * AmEx jumps on blowout Q2 profit. * Intel (INTC) sales forecast implies rocky second half. * Indexes up: Dow 0.68%, S&P 1.00%, Nasdaq 0.99% By Stephen Culp.

The rally on Wall Street faces a fresh test next week with a flood of earnings reports from major U.S. companies, including the tech and internet behemoths that have recently retaken leadership of the market.

- 1/TALKING TAPER. The U.S. Fed meets on Tuesday and Wednesday and looks set to debate when and how to kick off a bond taper, even as a surging Delta variant caseload revives economic risks from a pandemic many policymakers had hoped was drawing to a close.

The White House has YouTube, not just Facebook (FB), on its list of social media platforms officials say are responsible for an alarming spread of misinformation about COVID vaccines and are not doing enough to stop it, sources familiar with the administration's thinking said.

* Social media stocks rally after upbeat results. * AmEx jumps on blowout Q2 profit. * Intel (INTC) sales forecast implies rocky second half. * Indexes up: Dow 0.51%, S&P 0.77%, Nasdaq 0.80% By Devik Jain and Shreyashi Sanyal.

Electric air taxi startup Joby Aero Inc will add Silicon Valley heavyweight Reid Hoffman and executives from Google and Toyota (TM) to its board, as the company prepares to go public through a merger with a blank-check firm.

Alphabet Inc's (GOOG) secretive research unit said on Friday it will launch Intrinsic, its new robotics software and artificial intelligence project, under the Google parent's segment that houses futuristic businesses such as Verily and Waymo.

* Social media stocks rally after strong results. * AmEx eyes record open on blowout Q2 profit. * Futures up: Dow 0.52%, S&P 0.46%, Nasdaq 0.37% By Devik Jain and Shreyashi Sanyal.

* Futures up: Dow 0.49%, S&P 0.49%, Nasdaq 0.48% By Devik Jain. Nasdaq futures hit a record high on Friday, helped by megacap technology stocks and strong earnings from social media companies Twitter and Snap, with investors eyeing business activity data later in the day.

The White House has YouTube, not just Facebook (FB), on its list of social media platforms officials say are responsible for an alarming spread of misinformation about COVID vaccines and are not doing enough to stop it, sources familiar with the administration's thinking said.

1/TALKING TAPER. The U.S. Fed meets on Tuesday and Wednesday and looks set to debate when and how to kick off a bond taper, even as a surging Delta variant caseload revives economic risks from a pandemic many policymakers had hoped was drawing to a close.

* Weekly jobless claims rise unexpectedly. * Airlines dip after Southwest (LUV), American Airlines (AAL) results. * Intel (INTC) dips in extended trading after raising revenue guidance. * Indexes up: Dow 0.07%, S&P 0.20%, Nasdaq 0.36% By Stephen Culp.

By Stephen Culp. Big tech pushed Wall Street to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings sent investors back to growth stocks. A pull-back in economically sensitive cyclicals kept the S&P 500's and the blue-chip Dow's gains muted, while small-caps underperformed their larger rivals.

* Weekly jobless claims rise unexpectedly. * Biogen up on raising full-year revenue forecast. * Airlines dip after Southwest (LUV), American Airlines (AAL) results. * Indexes up: Dow 0.16%, S&P 0.20%, Nasdaq 0.38% By Stephen Culp. Wall Street edged higher on Thursday, as lackluster economic data and mixed corporate earnings sent investors back to growth stocks.

Two Democratic U.S. senators on Thursday will add to the stack of bills going after Section 230 - a law that protects tech companies from being sued over content posted by users - making such platforms responsible for health-related misinformation.

Alphabet's Google will now show its search engine users more information about why it found the results they are shown, the company said on Thursday. It said people googling queries will now be able to click into details such as how their result matched certain search terms, in order to better decide if the information is relevant.

* Weekly jobless claims hit two-month high. * Biogen up on raising full-year revenue forecast. * Southwest Airlines (LUV) leads declines among carriers. * Indexes down: Dow 0.21%, S&P 0.16%, Nasdaq 0.05% By Devik Jain and Shreyashi Sanyal.