S&P 500 posts biggest monthly gain since October 2011
NEW YORK (Reuters) – Stocks edged lower on Thursday on caution ahead of Friday’s all-important jobs report, but the S&P 500 still posted its best monthly gain since October 2011. The benchmark S&P 500 advanced 5. 1 percent in January as investors cheered a compromise that temporarily postponed the impact of the "fiscal cliff" and fourth-quarter earnings were better than expected. The S&P 500 registered its largest monthly advance since a rise of more than 6 percent in October 2011 and the best January showing since a 6. 1 percent jump in 1997. For the month, the Dow gained 5. . . .
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