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Stocks Rise on Weak Jobs Numbers


Stocks Rise on Weak Jobs Numbers (Bloomberg)

Today’s disappointing jobs numbers led to hope for the markets, as investors speculate that the poor data could lead to slower stimulus tapering from the Federal Reserve. “This could actually be good news for the market,” Quincy Krosby, a market strategist for Newark, New Jersey-based Prudential Financial Inc., said. “If these numbers don’t get revised upward, it will keep the Fed careful about wanting to taper too quickly.”