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U.S. stocks rally on strong jobs report

U.S. stocks closed upper Friday to complete the week on an upbeat note at the again of a better-than-expected jobs report. The U.S. created 213,000 new jobs in June, more than the 200,000 that have been forecast, an indication that the U.S. economy stays on its expansionary trail. The Dow Jones Industrial Average DJIA, +zero.41% gained 99 points, or zero.4%, to 24,456 for a weekly advance of zero.8%. The S&P 500 SPX, +zero.85% rose 23 points, or zero.8%, to 2,759 to close up 1.5% upper at the week whilst the Nasdaq Composite Index COMP, +1.34% added 101 points, or 1.three%, to 7,688 for weekly gain of two.4%.

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Stock market ends week solidly upper after jobs report; Biogen logs best possible day since 2004

U.S. stock benchmarks close solidly upper Friday, helping the three primary benchmarks guide a 2d straight consultation of gains after a read at the exertions market got here in more potent than anticipated, supporting the thesis that financial fundamentals stay healthy despite trade-war anxieties.