Wall Street climbs as China data puts S&P back at five-year high
NEW YORK (Reuters) – Stocks rose on Thursday and the S&P 500 ended at a fresh five-year high as stronger-than-expected exports from China spurred optimism about global growth prospects. Buying accelerated late in the day after the S&P 500 broke through technical resistance at 1,466. 47, which was the market’s closing level last Friday and the highest level since December 2007. "Historically, January is a positive month for the market and you’re seeing that play out," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut. . . .
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