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The market's rise snapped a five-day losing streak, with the strengthening job market shifting the focus of investors to growth rather than the fate of the Federal Reserve's huge stimulus program.

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Improved Jobs Report Ignites Broad Wall Street Rally

The market’s rise snapped a five-day losing streak, with the strengthening job market shifting the focus of investors to growth rather than the fate of the Federal Reserve’s huge stimulus program.

Improved Jobs Report Ignites Broad Wall Street Rally (Reuters)

The market’s rise snapped a five-day losing streak, with the strengthening job market shifting the focus of investors to growth rather than the fate of the Federal Reserve’s huge stimulus program. U.S. stocks rose today, with the Dow and the S&P 500 breaking five-day losing streaks on the strength of a jobs report that boosted investor confidence about an improving economy. The Dow Jones industrial average (^DJI) jumped 198.69 points, or 1.26 percent, to close at 16,020.20. The Standard & Poor’s 500 Index (^GSPC) climbed 20.06 points, or 1.12 percent, to end trading at 1,805.09, while the Nasdaq Composite Index (^IXIC) gained 29.36 points, or 0.73 percent, to end the day at 4,062.52.

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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