Morning Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Oct. 18:

1.-- U.S. stock futures were pointing to gains on Wall Street Friday after economic growth in China rebounded in the latest quarter.

European shares were rising. Asian stocks ended the session mostly higher after China's economic growth rose to 7.8% in the third quarter from a two-decade low of 7.5% in the second quarter, helped by government stimulus measures. Japan's Nikkei 225 index slipped 0.2%.

2.-- The economic calendar in the U.S. Friday includes leading economic indicators for September at 10 a.m. EDT.

3.--U.S. stocks closed Thursday with gains as investor relief that lawmakers avoided a default on the country's debt combined with prospects that the Federal Reserve is unlikely to curtail its stimulus program after a weaker-than-expected national jobs report.

The S&P 500 gained 0.67% to close at 1,733.15, an all-time high. The Dow Jones Industrial Average slipped 0.01% to 15,371.65. The Nasdaq rose 0.62% to 3,863.15.

4.-- Google (GOOG) shares jumped almost 5% in after-hours trading Thursday after the online search giant posted earnings that beat expectations.

Google reported earnings of $10.74 a share on revenue of $11.93 billion, excluding traffic acquisition costs. With TAC, revenue was $14.9 billion. Analysts expected Google to earn $10.34 a share on revenue, including TAC, of $14.79 billion.

"Google had another strong quarter with $14.9 billion in revenue and great product progress," said Larry Page, CEO of Google. "We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device."

5.-- General Electric  (GE) is expected by Wall Street to report third-quarter earnings Friday of 35 cents a share on revenue of $35.96 billion.

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