Deals
U.S. Stocks Rally to Highest Level Since May After Jobs Report
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U.S. stocks rallied, sending the Standard & Poor’s 500 Index to the highest level since May, after a report showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high.
Bank of America Corp., Alcoa Inc. and Caterpillar Inc. increased at least 2.2 percent. Knight Capital Group Inc. surged 57 percent, after tumbling 75 percent in two days, as it secured a funding lifeline and more customers resumed routing orders. Kraft Foods Inc. and Procter & Gamble Co. advanced more than 3.1 percent after reporting better-than-estimated earnings.