NEW YORK (January 25, 2013)--The Standard & Poor's closed above 1,500 Friday for the first time since the start of the Great Recession in 2007, lifted by strong earnings from Procter & Gamble and Starbucks.
The S&P 500 ended the day Friday at 1,502, up eight points, or half a percent, the eighth straight gain, and the longest winning streak since November 2004.
The Dow Jones industrial average closed at 13,825, up 46 points.
The Nasdaq gained 19 points to end the day at 3,149.
Procter & Gamble, the world's largest consumer products maker, rose 4 percent after reporting that its quarterly income more than doubled.
Starbucks also rose 4 percent after reporting higher profits.
Rising stocks outnumbered falling ones 3 to 2 on the New York Stock Exchange where volume was about average at 3.4 billion shares.
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