Wall Street closes higher, S&P 500 above 1,500

NEW YORK Sat Jan 26, 2013 2:37am IST

Traders work on the floor of the New York Stock Exchange, January 10, 2013. REUTERS/Brendan McDermid

Traders work on the floor of the New York Stock Exchange, January 10, 2013.

Credit: Reuters/Brendan McDermid

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NEW YORK (Reuters) - The S&P 500 index on Friday closed above the 1,500 level for the first time in more than five years as strong U.S. earnings reports from Procter & Gamble and others helped the benchmark extend its rally to eight days.

The Dow Jones industrial average was up 70.50 points, or 0.51 percent, at 13,895.83. The Standard & Poor's 500 Index was up 8.11 points, or 0.54 percent, at 1,502.93. The Nasdaq Composite Index was up 19.33 points, or 0.62 percent, at 3,149.71.

For the week, the Dow rose 1.8 percent, the S&P climbed 1.1 percent and the Nasdaq rose 0.5 percent. It was the fourth straight week of gains for all three indexes.

(Reporting by Ryan Vlastelica; Editing by Kenneth Barry)

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