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Stocks rise after strong retail sales news; Google soars on blowout earnings report
NEW YORK (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 years.
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 on sale.
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.