S&P 500 Advances to Highest Level Since 2007 After Jobs Report
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since December 2007, after data showed employers added workers in December at about the same pace as the prior month.
Eli Lilly & Co. jumped 3.7 percent as it forecast 2013 earnings above analyst estimates. Citigroup Inc. rose 2.5 percent after Goldman Sachs Group Inc. added the bank to its conviction buy list. Avon Products Inc. gained 3.2 percent as Bank of America Corp. raised its rating on the stock. Apple Inc., the world’s most valuable company, slid 2.8 percent for the biggest drop in the S&P 500 as technology shares tumbled.