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Data Helps Lift S&P 500 to Five-Year High

Description:The benchmark Standard & Poor's 500 index ended at a five-year high on Friday (January 4), lifted by reports showing employers kept up a steady pace of hiring workers and the vast services sector expanded at a brisk rate. The gains on the S&P 500 pushed the index to its highest close since December 2007 and its biggest weekly gain since December 2011. Most of the gains came early in in the holiday-shortened week, including the largest one-day rise for the index in more than a year on Wednesday (1:05)

Source: IBTimesTV

Tags: ibtimestv , 500 , data , five