US STOCKS SNAPSHOT - S&P 500 rises 1 pct as Wall St rallies

NEW YORK Fri Feb 1, 2013 5:11pm GMT

NEW YORK Feb 1 (Reuters) - U.S. stocks hit five-year highs with each of the three major indexes up at least 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 139.22 points, or 1.00 percent, to 13,999.80. The Standard & Poor's 500 Index rose 15.04 points, or 1.00 percent, to 1,513.15. The Nasdaq Composite Index advanced 35.47 points, or 1.13 percent, to 3,177.60.


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.