S&P 500 ends another record day

In Friday’s trading: Investors shifted their focus from politics to profit on Friday, and they liked what they saw, pushing the Standard & Poor’s 500 index further into record territory. Two days after Congress struck a last-minute deal to keep the U.S. from a devastating default on its debt, investors were bidding up stocks on surprisingly good profit from companies in industries both old and new. Market results: The S&P 500 rose 11.35 points, or 0.7 percent, to 1,744. It closed at a record Thursday. The Dow Jones industrial average rose 28 points, or 0.2 percent, to 15,399. The Nasdaq composite was up 51.13 points, or 1.3 percent, at 3,914. Winners and losers: » Google soared $122.61 to $1,011.41 It reported a 36 percent jump in earnings after the stock market closed Thursday. An erosion in Google’s ad pricing was more than offset by a big increase in the frequency of clicks on Google’s ads. » General Electric rose 87 cents, or 4 percent, to $25.55. That is the highest level since the start of the financial crisis in September 2008. After backing out costs from shedding its media and banking operations, the industrialproducts maker earned 40 cents per share in the third quarter vs. the 35 cents per share that analysts expected. » Morgan Stanley rose 76 cents, to $26.69, a gain of 2.6 percent. The investment bank reported that its earnings nearly doubled on strong results in stock sales and trading. Morgan Stanley is up 55 percent this year. A deeper look: The rise in stocks follows a budget standoff in Washington that kept hundreds of thousands of federal workers from their jobs for 16 days and could have forced the government to miss payments on its debt. Congress agreed Wednesday to fund the government and allow it to borrow through early next year.