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U.S. stocks rose, giving the Standard & Poor’s 500 Index its longest winning streak since 2004, as Starbucks Corp. and Procter & Gamble Co. reported increased profit.

The S&P 500 added 0.4 percent to 1,500.87 at 1:38 p.m. in New York. The benchmark gauge has gained for eight straight days, the longest string of advances since November 2004. The Dow Jones Industrial Average added 53.38 points, or 0.4 percent, to 13,878.71 today. Trading in S&P 500 companies was in line with the 30-day average at this time of day.

The S&P 500 is poised to climb for the fourth straight week, advancing 1 percent since Jan. 18. The measure failed to close above 1,500 yesterday after surpassing that level intraday for the first time since Dec. 12, 2007.

The benchmark index has more than doubled from a 12-year low in 2009 as corporate earnings have increased for three years and the Federal Reserve expanded its bond purchases to keep interest rates low to spur growth.Much more at http://www.bloomberg.com/news/2013-01-25/u-s-stock-index-futures-gain-
as-german-confidence-climbs.html

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