US Stocks Rise; S&P Hits Another 5-Year High 1/17/13
January 17, 2013
NEW YORK - Stocks are higher on Wall Street, pushing the Standard and Poor's 500 to another five-year high.
Strong reports on housing starts and claims for unemployment benefits made investors more optimistic about the U.S. economy.
U.S. builders started work on homes in December at the fastest pace since the summer of 2008. The number of Americans seeking unemployment aid fell to a five-year low last week.
EBay rose 3 percent after reporting a big earnings gain.
Citigroup fell 3 percent after its earnings missed Wall Street's forecasts by a wide margin.