US stocks ended the first week of the new year with a bang,with the S&P 500 notching a five-year high and the Dow securing its biggest weekly gain since December 2011.
The Dow Jones Industrial Average added 43.85 points,or 0.3 per cent,to 13,435.21 after December job growth roughly met economists'estimates and a reading on nonmanufacturing economic activity was surprisingly strong.That capped its biggest weekly point gain--despite a holiday-shortened week--in more than a year,thanks to a 308-point rally on Wednesday.
Source:
http://www.theaustralian.com.au/business/markets/wall-sts-sp-500-hits-five-year-high/story-e6frg91o-1226547968709
