Nasdaq rises one percent, Wall Street extends rally

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February 2, 2013 4:07 AM EST

U.S. stocks hit five-year highs and the Nasdaq rose 1 percent on Friday, after jobs and manufacturing data showed the economy's sluggish recovery is still on track.

The Dow Jones industrial average <.DJI> gained 135.05 points, or 0.97 percent, to 13,995.63. The Standard & Poor's 500 Index <.SPX> rose 13.85 points, or 0.92 percent, to 1,511.96. The Nasdaq Composite Index <.IXIC> advanced 31.27 points, or 1.00 percent, to 3,173.40.

(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)

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Copyright 2012 Thomson Reuters. All rights reserved.

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