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S&P 500 vaults 1,500 as Wall Street extends rally

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NEW YORK (Reuters) – The Standard & Poor’s 500 index closed above 1,500 for the first time in more than five years on Friday as strong U. S. earnings reports, including Procter & Gamble’s, helped the benchmark extend its rally to eight days. The winning streak is the longest in eight years and left the S&P 500 about 4. 1 percent away from its all-time closing high of 1,565. 15 on October 9, 2007. . . .

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