[NEW YORK] The Dow opened lower Friday following weak US second-quarter growth figures, but the Nasdaq was boosted by strong earnings from Amazon and Google parent Alphabet.
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Seres Therapeutics Inc. shares lost three quarters of their value Friday after the biotechnology company said its lead experimental drug failed in a clinical trial testing it against hard-to-treat intestinal infections.
Just two years ago, the sole story of Amazon's second quarter would have been the nearly $900 million in profit that it generated.
Google recently announced its quarterly earnings, and the results are encouraging. The high demand for Google ads, especially on a certain platform, boosted the revenue and profits of the company as well as the value of Alphabet's shares.