U.S. Stocks Rise as Dow Climbs to 5-Year High on Earnings The Standard & Poor's 500 Index rose 0.5 percent to 1,507.84 at 4 p.m. in New York. The Dow added 72.49 points, or 0.5 percent, to 13,954.42, the highest level since October 2007. About 6.9 billion shares traded hands on U.S. exchanges today, or 12 percent above the three-month average. Investors will watch an announcement from the Fed tomorrow to gauge the central bank's future policy. Chairman Ben S. Bernanke's latest round of bond buying will reach $1.14 trillion before he ends the program in the first quarter of 2014, according to median estimates in a Bloomberg survey of economists. - Bloomberg
Oil Rises to Four-Month High as Home Prices Advance Crude oil for March delivery rose $1.13 to $97.57 a barrel on the New York Mercantile Exchange, the highest settlement since Sept. 14. Trading at 4:38 p.m. was 28 percent above the 100-day average for the time of day. Prices were little changed after the American Petroleum Institute reported oil inventories increased 4.16 million barrels last week to 368.2 million. Oil was up 96 cents, or 1 percent, at $97.40 at 4:31 p.m. in electronic trading. The contract traded at $97.45 before the report was released. - Bloomberg
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