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Stocks rise on profit gains from techs, others

6:04 AM, Oct 28, 2013   |    comments
A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
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NEW YORK -- The major stock indexes are soaring this year. The S&P 500 is up 23 percent and the Nasdaq composite 31 percent. After the release of strong third-quarter results from technology companies on Friday, investors kept up the buying, propelling the market to its third straight weekly gain.

All 10 industry groups in the S&P 500 rose on Friday. The broad index climbed nearly 8 points, 0.4 percent, to 1,759. The S&P also closed at a record high Tuesday.

The Dow rose 61 points, or 0.4 percent, to close at 15,570 on Friday.

The Nasdaq composite ended up 14 points, or 0.4 percent, to 3,943 -- its highest close since September 2000.

Associated Press

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