US STOCKS SNAPSHOT-Nasdaq rises 1 pct, Wall Street extends rally

NEW YORK Fri Feb 1, 2013 4:48pm GMT

NEW YORK Feb 1 (Reuters) - U.S. stocks hit five-year highs and the Nasdaq rose 1 percent on Friday, after jobs and manufacturing data showed the economy's sluggish recovery is still on track.

The Dow Jones industrial average gained 135.05 points, or 0.97 percent, to 13,995.63. The Standard & Poor's 500 Index rose 13.85 points, or 0.92 percent, to 1,511.96. The Nasdaq Composite Index advanced 31.27 points, or 1.00 percent, to 3,173.40.

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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.