The Ticker
Stocks hit five-year high
1/17/13 1:53pm
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a five-year high, amid better- than-forecast initial jobless claims and housing data.
A measure of homebuilders in S&P indexes jumped 2.5 percent and was poised for the highest closing level since 2007. BlackRock Inc. ($283.46 -8.225%), the world’s biggest money manager, added 5.1 percent as earnings increased 24 percent and the firm boosted its dividend and its share buyback program.
