U.S. Stocks Overcome Selloff to Finish Week Approaching Records
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It’s going to take more than a global bond rout to derail the bull market in equities.
Stocks jumped on Friday after a report showed hiring bounced back in April, erasing losses from two days earlier and sending the Standard & Poor’s 500 Index to a weekly gain of 0.4 percent. Shares overcame the biggest single-day decline in six weeks on Tuesday and losses in fixed-income markets that totaled $500 billion.