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U.S. Stocks Rebound as Jobs Data Weakens Dollar; Bonds Rally

From bloomberg.com

U.S. stocks rebounded from an early rout sparked by disappointing jobs data, as a weakening dollar fueled a rally in commodity producers. Treasuries surged on speculation the Federal Reserve will keep rates lower longer. The Standard & Poor’s 500 Index rose after a selloff of 1.6 percent took it below 1,900. Energy and raw-materials producers advanced as metals from gold to copper rallied. The yield on 10-year Treasuries sank below 2 percent for the first time since August, while a gauge of the greenback weakened to a two-week low as the bond market is pushing back expectations for the first increase until March at ... (full story)

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