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US-stocks 3NEW YORK: US stocks extended gains on Thursday, with the S&P 500 hitting its highest level since May 2008 on positive US economic data and the European Central Bank's agreement to launch a new and potentially unlimited bond-buying program.

The Dow Jones industrial average gained 217.45 points, or 1.67 percent, to 13,264.93. The Standard & Poor's 500 Index rose 23.78 points, or 1.69 percent, to 1,427.22. The Nasdaq Composite Index climbed 52.40 points, or 1.71 percent, to 3,121.67.

Copyright Reuters, 2012

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