Archive

Major Gains for Wall Street

Things Are Looking Up

S&P closes at highest rate in five years.

cheats/2013/01/25/major-gains-for-wall-street/wall-street-closes-high-cheat_g83bem
John Moore / Getty Images

We don't want to jinx it, but are things looking up? Friday was a big day on Wall Street, with the Standard & Poor's 500 index closing above 1,500 for the first time in more than five years. High U.S. earnings from Procter & Gamble and other companies were credited for the boost. The Dow Jones industrial average was also up by 0.51 percent, and the Nasdaq Composite Index saw a 0.62 percent jump. This was the fourth week in a row of gains for all three indexes.

Read it at Reuters