Traders work at the New York Stock Exchange in New York, Oct. 18, 2013. U.S. stocks ended higher Friday, with the Standard & Poor's 500-stock Index refreshing all-time high for the second consecutive day. The S&P 500 rose 11.35 points, or 0.65 percent, to 1,744.50. (Xinhua/Wang Lei)
S&P 500 extends record run on hopes of continued Fed stimulus, upbeat earnings
NEW YORK, Oct. 18 (Xinhua) -- The S&P 500 extended its record rally at open on Friday, boosted by hopes of continued stimulus from the U.S. Federal Reserve and upbeat corporate earnings.
Morgan Stanley reported better-than-expected third-quarter earnings before market opened on Friday. Its net revenues were 7.9 billion U.S. dollars for the third quarter of this year, up 50 percent year-on-year. Morgan Stanley shares rose 2.11 percent to trade at 29.54 dollars a share in early trading. Full story