S&P 500 rises one percent as Wall Street rallies

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February 2, 2013 4:28 AM EST

U.S. stocks hit five-year highs with each of the three major indexes up at least 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 139.22 points, or 1.00 percent, to 13,999.80. The Standard & Poor's 500 Index <.SPX> rose 15.04 points, or 1.00 percent, to 1,513.15. The Nasdaq Composite Index <.IXIC> advanced 35.47 points, or 1.13 percent, to 3,177.60.

(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)

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Copyright 2012 Thomson Reuters. All rights reserved.

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