Roundup: Nasdaq ends at record high after Greek vote

U.S. stocks ticked up amid upbeat earnings Thursday, with the Nasdaq Composite Index eclipsing its previous closing record, as Wall Street cheered over the Greek parliament's approval of austerity measures demanded by creditors.

The Dow Jones Industrial Average rose 70.08 points, or 0.39 percent, to 18,120.25. The S&P 500 was up 16.89 points, or 0.80 percent, to 2,124.29. The Nasdaq Composite Index jumped 64.24 points, or 1.26 percent, to 5,163.18.

Greek parliamentarians on Thursday approved a bill with an overwhelming majority to give the go-ahead to the debt deal the government reached Monday with international creditors.

The parliament also agreed on the first round of reform measures requested as prerequisites for the immediate release of international aid to avert debt default and Grexit from the European Union (EU).

The Eurogroup on Thursday agreed to offer Greece a three-year grant from the European Stability Mechanism (ESM).

Meanwhile, the European Central Bank (ECB) on Thursday announced to increase emergency funding for Greek banks by 900 million euros (about 981 million U.S. dollars), a move to help remove the country's ongoing capital controls.

On the economic front, in the week ending July 11, the advance figure for seasonally adjusted initial jobless claims was 281,000, a decrease of 15,000 from the previous week's revised level and roughly in line with market consensus, said the U.S. Labor Department Thursday.

A batch of notable companies reported quarterly results Thursday.

Citigroup Inc. reported net income of 4.8 billion dollars for the second quarter 2015, or 1.51 dollars per diluted share, on revenues of 19.5 billion dollars, beating market estimates. Its shares surged 3.77 percent to 58.59 dollars apiece.

The Goldman Sachs Group, Inc. fell 0.84 percent to 211.18 dollars apiece after its second-quarter earnings missed market expectations. The bank announced net revenues of 9.07 billion dollars, net earnings of 1.05 billion dollars and diluted earnings per common share of 1.98 dollars for the second quarter.

Intel Corporation reported second-quarter net income of 2.7 billion dollars on revenue of 13.2 billion dollars, also beating market consensus. The chipmaker's shares rose 0.71 percent to 29. 90 dollars apiece.

Shares of Netflix Inc. romped 18.02 percent to 115.81 dollars apiece Thursday, as the streaming media company said in its earnings report that it added 3.28 million subscribers in the second quarter, well above market consensus.

The CBOE Volatility Index, often referred to as Wall Street's fear gauge, fell 8.47 percent to end at 12.11 Thursday.

In other markets, U.S. oil price fell Thursday as the stronger U.S. dollar made the dollar-priced crude more expensive and less attractive for buyers holding other currencies.

The West Texas Intermediate for August delivery moved down 50 cents to settle at 50.91 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery increased 46 cents to close at 57.51 dollars a barrel on the London ICE Future Exchange.

The U.S. dollar rose against most major currencies on Thursday as the drop of jobless claims from the country bolstered market expectation for an interest-rate hike later this year.

In late New York trading, the euro fell to 1.0875 dollars from 1.0950 dollars in the previous session, while the dollar bought 124.13 Japanese yen, higher than 123.70 yen of the previous session.

Gold futures on the COMEX division of the New York Mercantile Exchange fell on stronger dollar, with the most active gold contract for August delivery down 3.5 dollars, or 0.31 percent, to settle at 1,143.90 dollars per ounce. Endite