Fri, 18 Jan 2013 17:49:44 GMT
U.S. stocks rally on better than expected housing and jobless data
U.S. equities rallied, with the Standard & Poor's 500 Index peaking at its five-year high on initial unemployment claims that beat the estimates and better than expected housing data. The S&P 500 climbed 0.6% to close at 1,480.94. All but one sector edged higher within the gauge. Cbs Corp.soared 1.7% to $40.95 as the company's owner revealed its plans to