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POSTED February 8, 2013 8:50 p.m.

S&P 500 hits 5-year high, extends rally
NEW YORK (AP) — The Standard and Poor's 500 edged up to a five-year high Friday, extending a rally that started in January.

The S&P 500 rose 8.54 points to 1,517.93, closing 0.3 percent up for the week. The index is at its highest since November 2007 and has advanced for six weeks, the longest streak of gains since August.

The Dow Jones industrial average rose 48.92 points, or 0.4 percent, to 13,992.97. The Nasdaq composite climbed 28.74 points, or 0.9 percent, to finish the week at 3,193.87.

US growth in Q4 likely stronger on export gains
WASHINGTON (AP) — A jump in energy-related exports and a steep decline in oil imports lowered the U.S. trade deficit in December to nearly a three-year low.

A brighter outlook for trade also illustrates how a boom in oil and gas production is reducing crude oil imports and making the U.S. a leader in the export of fuels. And it shows that higher domestic sales of fuel-efficient cars are lowering dependence on oil.

The trade gap fell nearly 21 percent in December from November to $38.6 billion, the Commerce Department said Friday.

Total exports rose 2.1 percent to $186 billion, driven in part by record exports of gasoline, diesel and other fuels.

Record number visited Las Vegas in 2012

LAS VEGAS (AP) — Tourism authorities say Las Vegas welcomed a record number of gamblers, clubbers and convention-goers in 2012.

The Las Vegas Convention and Visitors Authority said Friday that 39.7 million visitors toured Sin City last year. That's 800,000 more guests than 2011, and a half-million more than the previous high, set in 2007.

The visitors authority calculated that the flood of tourists brought $40 billion into the local economy.

Room occupancy increased slightly to 84.4 percent for the year, and average hotel room rates increased by a little less than 3 percent, to $108 per night.

Gambling revenue for Clark County , where Las Vegas is located, grew by 2 percent to $9.4 billion

 

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