News Column

S&P 500 Hits Five-year High

Feb 8, 2013

Major US stock indices gained ground Friday after several companies delivered quarterly reports that topped expectations.

The blue-chip Dow Jones industrials edged up 48.92 points, or 0.35 per cent, to 13,992.97.

The broader Standard & Poor's 500 Index added 8.53 points, or 0.57 per cent, to 1,517.92, the highest closing mark since November 2007. The index is up 6.4 per cent since January 1.

The technology-heavy Nasdaq Composite Index rose 28.74 points, or 0.91 per cent, to 3,193.87.

The US currency was higher against the euro at 74.81 euro cents, compared to 74.69 euro cents on Thursday. The dollar dropped against the Japanese currency to 92.71 from 93.62 yen.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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