S&P And Nasdaq Close At 4-1/2 Year Highs

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The Nasdaq and S&P close the day at highest levels since May 2001.

Even though job numbers show less growth than expected, markets continue the New Year's rally.

The Russell 2000 (RUT), Mid Cap 400 (MDY) and oil service index (OSX) all reached historic highs, while the banking index (BKX), insurance index (IUX) and brokers (XBD) reached new highs.

Stocks On The Move

Yahoo! (PowerRating) Unveils Web-based "Yahoo! Go" Services (full story).

Dell (PowerRating) Accelerates Vesting Of Certain Stock Options, Sees Lower Compensation Expense In 2007 (full story).

Wendy`s (PowerRating) Q4 US Same-store Sales Down 2.9% (full story).

Verizon (PowerRating) Completes MCI Acquisition (full story).

Best Buy (PowerRating) said December comps rose 5.8% and that Q4 sales should rise 11%. Flat panel TVs had triple digit gains.

Economic News

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