News Summary: S&P 500 closes at a record, again

News Summary: S&P 500 inches up to another record high; J.C. Penney jumps on higher sales

Associated Press

ANOTHER RECORD: The Standard & Poor's 500 index closed at a record high for the sixth day this month after logging a small gain. The index surged earlier this month after lawmakers reached a deal to avoid a U.S. default. Company earnings, while not stellar, have beaten analysts' expectations.

TURNING THE CORNER? J.C. Penney was the biggest gainer in the S&P 500 after the retailer's CEO said the outlook for sales is improving. The stock is still down 63 percent this year.

A WHOPPER: Burger King jumped $1.14, or 5.8 percent, to $20.90 after the hamburger chain said its profit surged in the third quarter as sales rose overseas and expenses fell, mostly due to more company-owned restaurants being sold to franchisees.

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