Stocks Climb on Jobs Data

February nonfarm payrolls rose 243,000, close to expectations. M&A action was also in focus

Stocks were trading higher late Friday, taking cheer in a solid jobs report despite rising bond yields and the potential for interest-rate hikes. Homebuilding, commodity and other groups that dragged the market down earlier in the week were strong, but semis erased early gains, says Standard & Poor's MarketScope.

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