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S&P 500 on Track for July Gains as Alphabet, Amazon Climb

The S&P 500 moved higher on Friday, on track to end the month on a high, as Alphabet (GOOGL) and Amazon (AMZN) rallied on positive earnings.

The S&P 500 was up 0.11%, the Dow Jones Industrial Average slid 0.18%, and the Nasdaq rose 0.07%. The Dow briefly turned positive around midday.

Alphabet increased 4.2% as ad revenue drove growth on its top-line. The company reported a 21% increase in revenue, largely thanks to growth in Google's ad business. Adjusted earnings of $8.42 a share beat...