US STOCKS-Stocks end higher for sixth straight week, tech leads

Fri Feb 8, 2013 6:33pm 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 0.4 pct; S&P 500 0.6 pct; Nasdaq 0.9 pct

By Caroline Valetkevitch

NEW YORK, Feb 8 (Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high, boosted by gains in technology shares and stronger overseas trade figures.

The S&P 500 also posted a sixth straight week of gains for the first time since August.

The technology sector led the day's gains, with the S&P 500 technology index up 1.0 percent. Gains in professional network platform LinkedIn Corp and AOL Inc after they reported quarterly results helped the sector.

Shares of LinkedIn jumped 21.3 percent to $150.48 after the social networking site announced strong quarterly profits and gave a bullish forecast for the year.   Continued...