US STOCKS SNAPSHOT-S&P shrugs off Apple, S&P rises to hit 1,500

NEW YORK Thu Jan 24, 2013 3:14pm GMT



NEW YORK Jan 24 (Reuters) - U.S. stocks advanced on Thursday, as the S&P shrugged off a 10 percent decline in Apple to climb above 1,500 for the first time since Dec. 12, 2007, on positive economic news.

The Dow Jones industrial average gained 77.37 points, or 0.56 percent, to 13,856.70. The Standard & Poor's 500 Index rose 5.61 points, or 0.38 percent, to 1,500.42. The Nasdaq Composite Index dropped 7.79 points, or 0.25 percent, to 3,145.88.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.