& #8226; National

Upbeat reports from the Federal Reserve and DuPont Co. lifted stocks for a second day on Wednesday, pushing the S & P; 500 past 1,300 for the first time since May 2001.

The Dow Jones Industrial Average jumped 58.43, or 0.5 percent, to 11,209.77, its highest close since May 22, 2001. The Standard & Poor’s 500 Index rose 5.54, or 0.4 percent, to 1,303.02. The Nasdaq Composite Index climbed 15.94, or 0.7 percent, to 2,311.84.

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& #8226; Local


Local movers were led by CB Richard Ellis Group Inc, which gained 3.6 percent to $75.85, J2 Global Communications Inc., which rose 4.1 percent to $46.90, and Reliance Steel & Aluminum Co., which climbed 2 percent to $85.75. On the down side, Ryland Group Inc. fell 1.5 percent to $67.41, KB Home lost 2 percent to $65.12 and Arden Group Inc. slipped 1.2 percent to $85.35.