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News Summary: S&P 500 ends week at a 5-year high

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The Associated Press | January 4, 2013 05:19 PM EST | AP


DECEMBER JOBS: Stocks headed higher, capping a good week, after a report showed that hiring held up in December during the tense fiscal negotiations in Washington, with U.S. employers adding 155,000 jobs.

FIVE-YEAR HIGH: Stocks moved up at the end of the day pushing the Standard & Poor's to its highest close in five years.

GOOD START: Stocks got the year off to a strong start, surging after lawmakers came up with a long-awaited budget agreement. The plan wasn't perfect, but it was enough to keep stop the U.S. going over the "fiscal cliff" and, in all likelihood, another recession.