Thursday 11:46pm
July 31, 2014
Currently 65°F
Posted: Friday, October 18th 2013 at 12:03pm

S&P 500 pushes further into record territory

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
NEW YORK (AP) -- The Standard & Poor's 500 index is rising further into record territory, driven by strong earnings from big U.S. companies.

General Electric, Morgan Stanley and Google all rose after reporting higher profits than financial analysts were expecting. Google topped $1,000 a share for the first time.

Investors were also encouraged by a rebound in Chinese economic growth in the latest quarter.

Two days after Congress voted to increase the U.S. debt ceiling and reopen the government, the S&P 500 rose six points, or a third of a percent, to 1,740, as of noon Eastern Daylight Time. It closed at a record Thursday.

The Dow Jones industrial average slipped seven points to 15,364. The Nasdaq composite was up 33 points, or 0.9 percent, at 3,896.
© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.047659
icon
65°F
Gainesville, GA 30501
light rain
Wind: NE 10 mph
Dew point: 63°F