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Stocks rose this week, with the Standard & Poor’s 500 Index completing its best February since 1998, as data on housing and the jobs market improved and monthly sales from Gap Inc. to Ford Motor Co. beat estimates.
The S&P 500 climbed to the highest since 2008 and the Dow Jones Industrial Average closed above 13,000 for the first time in nearly four years.
Consumer and financial stocks rose the most among 10 S&P 500 industries this week, each rising 1.4 percent as a group.
Stocks advanced as more Americans than forecast signed contracts to buy previously owned home, jobless claims declined to a four-year low and the Conference Board’s index of consumer confidence rose to the highest level in a year.
http://www.bloomberg.com/news/2012-...third-week-as-housing-labor-data-improve.html
The S&P 500 climbed to the highest since 2008 and the Dow Jones Industrial Average closed above 13,000 for the first time in nearly four years.
Consumer and financial stocks rose the most among 10 S&P 500 industries this week, each rising 1.4 percent as a group.
Stocks advanced as more Americans than forecast signed contracts to buy previously owned home, jobless claims declined to a four-year low and the Conference Board’s index of consumer confidence rose to the highest level in a year.
http://www.bloomberg.com/news/2012-...third-week-as-housing-labor-data-improve.html