Wall Street Closes at Five-Year High

Dow passes 14,000 for first time since 2007

Stocks climbed to five-year highs on Friday in the wake of jobs and manufacturing data that showed the economy's sluggish recovery is still on track.

The Dow industrials rose to 14,000 for the first time since mid-October 2007 and the S&P hit its highest since December that year. The S&P advanced 5 percent in January, its best start to a year since 1997.

Analysts attributed the market's robust showing so far this year partly to a deluge of cash flowing into equities.