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News Summary: S&P 500 index extends record

Friday - 10/18/2013, 4:53pm  ET

By The Associated Press

(AP) - NEW RECORD: The Standard & Poor's 500 index set a record for the second straight day and is now up 22 percent this year, its best gain since 2009.

GAGA OVER GOOGLE: Investors pushed the stock of the search-engine company up nearly 14 percent on a jump in third-quarter earnings. The stock topped $1,000 a share for the first time.

PROFIT TROUBLE AHEAD?: Despite good earnings reports from a few big companies on Friday, earnings for all S&P 500 companies are expected to grow just 3.4 percent in the third quarter, the slowest quarterly growth in a year.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)