S&P 500 pushes further into record territory
The Chinese government reported Friday that the world’s second-largest economy grew by 7.8 percent in the three months ending in September, a pickup from the previous quarter. Investors have worried that slower growth would not only hurt big commodity exporters like Brazil and Australia but drag down the global economy, too.
Among other stocks making news:
— Chipotle Mexican Grill jumped $70.67, or 16 percent, to $509.74, the biggest gain in the S&P 500. The company reported that its third-quarter earnings rose 15 percent on higher traffic to its 1,500 restaurants.
— Voxeljet, a 3-D printing company from Germany, more than doubled in its debut offering, jumping $15.80 to $28.80. The company makes printers that build 3-D objects by layering plastic and other materials atop each other. It raised $84.5 million in its initial public offering.
In bond trading, the yield on the 10-year Treasury note was unchanged at 2.59 percent.