Facebook shares sink as USA stocks add to records

The Standard & Poor's 500 index rose 18.68 points, or 0.7 percent, to 2,786.24.

Shares of Facebook tumbled Friday after it announced an overhaul of its newsfeed, while USA stocks added to records following data showing higher retail sales in December.

The Nasdaq is up 124.50 points, or 1.7 percent. "This quarter may be a little messy because of the tax bill, but there's so much optimism, so much enthusiasm about earnings", says Michael Matousek, head trader at U.S. Global Investors.

Amazon (AMZN.O) rose 2.2 percent to breach $1,300 for the first time.

That helped the Dow Jones U.S. Airlines index up 2.25 percent.

The Dow Jones industrial average rose to an all-time high on Thursday as investors bet economic growth would pick up steam.

Media organizations grapple with the new Facebook
Twitter shares increased by 5% after Facebook announced that it will demote business, brand and media posts in news feed shake up. Since then, Facebook took various steps trying to prevent fake news from becoming viral via Facebook.

Africa startled by Trump's sudden and vulgar attention
Republican leaders were largely silent, though House Speaker Paul Ryan said the vulgar language was "very unfortunate, unhelpful". As for Africa, he asked why more people from "shithole countries" should be allowed into the United States , the sources said .

Trump puts federal libel law on 2018 agenda, escalating complaints against media
There are now no federal libel laws in the USA that Congress could re-examine, as the is typically left to each state to decide. Donald Trump launched a clueless salvo at the press today, promising to " take a strong look " at the nation's libel laws .

The Russell 2000 is up 56.46 points, or 3.7 percent. It closed at $1,305.20.

Xerox shares jumped 4.22 percent after the Wall Street Journal reported the copier maker was in deal talks with Japanese camera maker Fujifilm Holdings that could include a change in control of Xerox.

Wall Street surged to fresh highs on Thursday as rising oil prices lifted energy stocks and upbeat forecast from No. 2 US carrier Delta Air Lines drove airline stocks higher.

The Treasury move helped push the utilities sector.SPLRCU down 0.6 percent, making it the weakest performer of the S&P 500's 11 sectors.

The S&P 500 posted 164 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 222 new highs and 14 new lows.

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