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Google shares surged past $1,000 for the first time after reported gains in mobile and video advertising that helped drive quarterly revenue.
Asian stocks were in a holding pattern on Wednesday on caution whether the U.S. could avert a debt default after Senate lawmakers resumed talks.
J.P. Morgan Chase has reached a tentative $4 billion settlement with the Federal Housing Finance Agency, Dow Jones reported on Friday, citing sources.
JPMorgan Chase is close to reaching a $13 billion settlement with the US government, according to people familiar with the situation.
Stocks closed out the week in positive territory, with the S&P 500 extending gains to a new high, as Wall Street cheered some better-than-expected corporate earnings results.
Home resales fell and prices rose at their slowest pace in five months, the latest signs higher rates were taking some edge off the housing recovery.
The number of Americans filing new claims for unemployment benefits dropped from a six-month high last week, but remained elevated as California continued to deal with a backlog.
IBM beat Wall Street estimates on earnings but it missed revenue expectations. Shares fell after-hours.
General Electric on Friday said third-quarter profit fell as revenue dropped in its power and water business, which makes a variety of turbines.
"We don't know yet the full scope of the damage, but every analyst out there believes it slowed our growth," Obama said.
Check out which companies are making headlines after the bell Wednesday:
Morgan Stanley reported a 50 percent rise in revenue as higher income from equities sales and trading made up for a drop in fixed income.
Asian equity markets were mostly higher on Friday with the exception of Japan after China's economy grew at its fastest pace this year.
Goldman Sachs quarterly profit fell 2 percent as weak bond-trading volumes hit revenue in the Wall Street bank's biggest business.
China's gross domestic product (GDP) rose 7.8 percent in the third quarter on year, up from 7.5 percent in the previous three months.
Obama signed a last-minute deal early Thursday morning to avert a damaging debt default and to reopen the government.
Check out which companies are making headlines after the bell Thursday:
Google reported earnings and revenue that blew past expectations. Shares rose more than 5% after-hours.
Stocks staged an impressive recovery Thursday, with the S&P 500 setting a fresh all-time high and the Dow erasing a triple-digit loss to poke into positive territory in the final minutes of trading.
SAC Capital is moving close to an agreement with prosecutors to settle insider trading charges for more than $1 billion, which would be the largest ever penalty of its kind.