New York, NY (AP) - Stronger retail sales and surging profits from
Google are sending stocks higher.
The Dow Jones industrial average turned positive for the year
Friday, and the S&P 500 index had its best week in more than two
Retail sales increased 1.1 percent in September, the biggest
gain in seven months.
Google Inc. shot up nearly 6 percent after its quarterly income
jumped 26 percent. Apple Inc. rose 3 percent as its new iPhone went
The Dow rose 166 points, or 1.4 percent, to close at 11,644. The
S&P 500 rose 21, or 1.7 percent, to 1,225.
The Nasdaq rose 48 points, or 1.8 percent, to 2,668.
Five stocks rose for every one that fell on the New York Stock
Exchange. Trading volume was below average, 3.6 billion shares.
(Copyright 2011 by The Associated Press. All Rights Reserved.)