U.S. stock index S&P 500 closed last week rising above 1,500 points for the first time in more than five years because of the strong companies quarterly reports such as Procter&Gamble, according to Reuters.
Thus, S&P 500 added 0.54%, the Dow Jones 0.51% and the Nasdaq Composite 0.62%. S&P at the close of trading reached highest level since December 10, 2007, while the Dow Jones - highest since October 31, 2007.
Dow during the week rose by 1,8%, S&P 500 by 1.1% and the Nasdaq by 0.5%. All three indexes rose for a month in a row.
It should be noted that quarterly Procter&Gamble Co profit topped analyst expectations by reducing costs and to focus on key markets for the company and products.
In addition, indicators of new homes implementation in the U.S. in 2012 jumped to a high from 2009.
"U.S. economic data tend to increase, albeit modestly. Getting better" - said Prudential Financial strategist Quincy Crosby.
At the same time, Apple shares fell by 2.4%, and the company lost leadership to Exxon Mobil Corp as the most valuable U.S. company.
"The market was able to rise despite a decline in Apple, and that is a good sign," - said Crosby.
Starbucks Corp shares rose by 4.1%, as the quarterly sales network of stores in the U.S. and Asia were better than expected, despite widespread economic instability.
Halliburton Co quotes increased by 5.1% because of its quarterly results bypassed analyst expectations by increasing drilling activity in the world.
Of the 147 companies participating in the S&P 500 that have reported for the fourth quarter of Friday, 68% have exceeded analysts' estimates with an average for the last four quarters 65% index.
Recall, last week, the U.S. stock market index S&P 500 has seriously increased by an unexpectedly high profits of IBM and Google.