S&P hits six-month high - MoneySense

S&P hits six-month high

Positive economic news drives U.S. stock rally.


U.S. stocks rallied and the S&P hit its highest level since May, according to a Reuters story in the Financial Post.

The S&P 500 reached above 1,150 points following positive economic news concerning service industry growth and jobs data. Moves to boost the Japanese economy are also cited as driving the rally.