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Wall Street jumps as data signal growth

02/04/2012 - 20:40

NEW YORK (Reuters) - Stocks extended gains in late afternoon trading on Monday, with the Nasdaq Composite up 1 percent and the S&P 500 at a fresh four-year high as encouraging data from the United States and abroad helped ease concerns about the pace of economic growth.

The Dow Jones industrial average gained 80.87 points, or 0.61 percent, to 13,292.91. The S&P 500 Index rose 13.33 points, or 0.95 percent, to 1,421.80. The Nasdaq Composite added 31.05 points, or 1.00 percent, to 3,122.62.

The Dow hit its highest intraday level since December 2007 and the S&P reached its highest since May 2008. The Nasdaq traded near its highest since late 2000.

(Reporting by Ryan Vlastelica and Rodrigo Campos; Edited by Jan Paschal)