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Historic Day on Wall Street: S&P Breaks 1600, Dow Touches 15000 on Jobs Report
Stocks closed out the week with a bang, with the S&P 500 finishing above 1,600 and the Dow briefly topping 15,000 for the first time, as Wall Street cheered a better-than-expected April nonfarm payrolls report. All three major indexes logged sharp gains for the week. "It's going to be the first time we put two weeks together in a row to the upside in about eight weeks…so that' the good news," said Art Hogan, managing director at Lazard Capital Markets. "But the bad news is that we've run out of catalysts next week—earnings season is virtually over and the macro is very quiet." "But those that have been looking ... (full story)
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