Business

S&P 500 in longest winning streak since 2004

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The S&P 500 finished above 1,500 for the first time since the start of 2007’s Great Recession, lifted by strong earnings from Procter & Gamble (see left) and Starbucks Corp. Starbucks rose $2.24 to $56.81 after reporting a 13 percent increase in profits. ‘‘Earnings are growing,’’ said Joe Tanious, a global market strategist at JPMorgan. ‘‘The bottom line is that corporate America is doing exceptionally well.’’ Stocks have surged this month, with the S&P rising 5.4 percent. It jumped at the start of the year when lawmakers reached a last-minute deal to avoid the fiscal cliff. Halliburton rose after it posted a loss that was smaller than expected.

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