S&P 500 stock index reaches all-time high

The Associated Press
October 17, 2013
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.