US stocks: Housing, job data push S&P 500 to 5-yr high, Dow Jones up 0.56%, Intel down late

Jan 18 2013, 09:25 IST
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SummaryDow Jones industrial average gained 82.97 points, or 0.61 percent, to 13,594.20.

percent at $114.75.

S&P 500 earnings are expected to have risen 2.3 percent in the fourth quarter, Thomson Reuters data showed. Expectations for the quarter have fallen considerably since October when a 9.9 percent gain was estimated.

Volume was roughly 6.5 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.

Advancers outpaced decliners on the NYSE by about 22 to 7 and on the Nasdaq by about 2 to 1.

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