|Facebook beats Wall Street targets, stock hits record high|
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. The world's No.1 Internet social network said on Wednesday that it saw increased interest from both advertisers and from users during the second quarter. Facebook now counts 1.5 million advertising customers and the company's ad business saw strong growth across all of its geographic regions in the second quarter, Chief Operating Officer Sheryl Sandberg told Reuters in an interview on Wednesday. Facebook said that mobile advertising revenue represented 62 percent of its ad revenue in the second quarter, up from 41 percent in the year-ago period and 59 percent in the first quarter of 2014.
|Apple pushes S&P 500 to record close; Boeing hits Dow|
By Ryan Vlastelica NEW YORK (Reuters) - Stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check. The Nasdaq Biotech index jumped 2.2 percent in its fourth straight day of gains. Apple Inc gave one of the biggest lifts to the market, rising 2.6 percent to $97.19 as concerns faded about the iPhone maker's margins. Dow component Microsoft Corp rose 0.1 percent to $44.87 after the company said it aimed to get its money-losing Nokia phone unit to break even within two years.
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