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S&P 500 stock index reaches all-time high

The Associated Press

Trader Gordon Charlop, center, works on the floor of the New York Stock Exchange Tuesday, Oct. 15, 2013. An eleventh hour agreement that averted a U.S. government debt default boosted Asian stock markets Thursday Oct. 17, 2013. European markets, which rallied the day before in anticipation of a deal, were down. (AP Photo/Richard Drew)

NEW YORK (AP) -- The Standard & Poor's 500 stock index has touched an all-time high a day after Washington reached a deal to avoid a U.S. default.

The S&P 500 index rose as much as nine points to 1,730 in the late afternoon, trading above its previous high of 1,729 reached Sept. 19.