The Nasdaq was the best performing index, jumping more than 1% Friday. The tech-heavy index closed the week up more than 3%.
The S&P 500 hits new highs: Now that investors don't have to worry about the United States defaulting on its debt for at least a few months, they're turning their attention to the broader economy and corporate earnings. They mostly like what they see.
The S&P 500 hit new highs this week, after Congress agreed to a deal to extend the debt ceiling. On Friday, the index rose another 0.7% and gained more than than 2% for the week.
The Dow Jones industrial average rose more modestly. It moved up 0.2% Friday and added 1% for the week.
What's moving: Shares of Mexican fast food chain Chipotle ( jumped more than 16%, surging to an all-time high thanks to strong earnings. )
Most commenters on StockTwits were surprised by the market's extreme response to both Chipotle's earnings and Google's.
Many StockTwits users were more bullish on Google's potential.
The last of the big banks to report third-quarter results, Morgan Stanley (Fortune 500), wowed investors with earnings and revenue that topped forecasts. ,
General Electric (Fortune 500) shares rose more than 3% after the bank reported better-than-expected earnings. ,
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|30 yr fixed||4.48%||4.38%|
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