S&P 500 index closes at a five-year high

Print
Font Size:
Default font size
Larger font size

Posted: Friday, January 4, 2013 11:16 pm

NEW YORK (AP) - The Standard & Poor's 500 index is closing at its highest level in five years as the stock market extends a New Year's rally.

The S&P 500 closed at 1,466 Friday, the highest since Dec. 31, 2007, before the financial crisis.

That's a gain of seven points on the day. The index is up 4.6 percent over the past week after lawmakers passed a last-minute budget agreement that avoided a set of drastic tax increases and government spending cuts.

The Dow Jones industrial average ended up 43 points at 13,435. The Nasdaq rose just one point to end at 3,101, held back by a decline in Apple.

Three stocks rose for every one that fell on the New York Stock Exchange. Volume was higher than average at 3.4 billion shares.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.

Right Now

weather

Today

weather
77°
Details

Tomorrow

weather
78°
Details

Today

weather
77°
Details

Today

weather
67°
Details

SUBMIT PHOTOS & VIDEOS | VIEW ALL PHOTOS & VIDEOS

Send your photos & videos to Pix@MySuncoast.com and you could be featured on ABC 7 & our website.