S&P 500 extends record amid stimulus bets

October 19, 2013 

U.S. stocks rose, giving the Standard & Poor’s 500 index its best weekly gain since July, as results from Google topped estimates and speculation grew that the Federal Reserve will delay cutting monetary stimulus.

The S&P 500 added 0.7 percent to 1,744.50, extending an all-time high. The gauge has rallied 2.4 percent in the past five days, its biggest weekly advance since July 12.

The Dow Jones industrial average added 28 points, or 0.2 percent, to 15,399.65. About 6.6 billion shares changed hands on U.S. exchanges, 12 percent higher than the three-month average.

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