US stock market reaches all-time high
S&P 500 stock index closes at all-time high a day after Washington reaches debt deal
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)
·Associated PressNEW YORK (AP) -- The stock market is closing at an all-time high a day after Washington reached a deal to avoid a U.S. default.
The Standard & Poor's 500 stock index rose 11 points to close at 1,733 Thursday, beating its previous closing high of 1,725 reached Sept. 18.
The Dow Jones industrial average failed to match that success. The Dow fell two points to close at 15,371, held back by declines in IBM, Goldman Sachs and UnitedHealth, which issued results that disappointed investors. It remains 305 points below its own record close.
The Nasdaq composite rose 23 points to 3,863.
