Stocks were mixed Friday after strong gains earlier in the week, with the Nasdaq setting a new record high powered by Google.

The Nasdaq composite rose 0.9 percent to 5,210.14, and the Nasdaq 100 index added 1.5 percent to a more than 15-year high.

The S&P 500 gained 2.35 points, or 0.1 percent, to 2,126.64.

S&P 500 futures ESU5, +0.08% were roughly flat at 2,117.50, while those for the Dow Jones Industrial Average YMU5, -0.02% dipped by 11 points, or less than 0.1%, to 18,009.

“We’re now watching earnings come out, with the background of what’s going on internationally”, said Bill Schultz, who oversees $1.2 billion as chief investment officer at McQueen, Ball & Associates in Bethlehem, Pennsylvania. Mattel and Google report after markets close.

A major rally in Google made Wall Street’s NASDAQ finish its second straight record high on Friday.

Another giant tech company, online retailer Amazon, bolted 3.1 percent higher after announcing that customers bought 34.4 million items on Wednesday when it offered special promotions to buyers of its “Prime” service, a $99 per-year package delivery program. A report Friday showed new- home construction climbed in June to the second-highest level since November 2007 amid a surge in apartment projects.

Separately, the Labor Department released a report showing that consumer prices rose in line with economist estimates in the month of June.

In an era of middling economic growth and low benchmark yields (thus, lower discount rates), investors are willing to pay up for the shares of companies that deliver (or promise) above-normal earnings growth.

The S&P 500 index is up 47.67 points, or 2.3 percent.

Semiconductors fell, paced by Intel’s 1.4 percent retreat.

Volume was light, with about 5.6 billion shares traded on United States exchanges, below the 6.6 billion average so far this month, according to BATS Global Markets. However, weakness in energy stocks on weaker oil price kept the S&P 500 index in check. The Nasdaq Internet Index surged to a record amid its best weekly climb since December 2011, with Google and Netflix each rising more than 18 per cent during the period. However, questions about the S&P 500′s ability to grow earnings, and the United States economy’s ability to grow sustainably and to surpass “baked-in expectations” continue to give the naysayers ammunition, keeping stocks within the well-worn range…

Spot gold prices fell more than 1 percent to their lowest since April 2010 of $1,130.70 an ounce, pressured by the strong dollar and increasing bets that the Fed will hike rates.

General Electric rose 0.7 per cent after it lifted its forecast for 2015 industrial earnings on strong orders in aviation and some other businesses.