US STOCKS-Wall Street jumps; Nasdaq near 12-year high

Fri Feb 8, 2013 3:23pm EST
 
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* China, German trade data signal growth in demand

* Narrower U.S. trade deficit should boost GDP

* Shares of LinkedIn surge on earnings, outlook

* Indexes up: Dow 0.3 pct; S&P 500 0.5 pct; Nasdaq 0.9 pct

By Caroline Valetkevitch

NEW YORK, Feb 8 (Reuters) - U.S. stocks climbed on Friday, pushing the S&P 500 to a fresh five-year high and putting the Nasdaq within a hair of a 12-year intraday high, following a batch of encouraging domestic and international economic reports.

Data showing stronger international trade in China and Germany, and a report indicating the U.S. trade deficit had narrowed in December, pointed to improving global demand.

"That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.

The technology sector led the day's gains, with the S&P 500 technology index up 1 percent. Gains in LinkedIn Corp and AOL Inc following their quarterly results helped the sector.   Continued...