Stocks Rise After Overseas Gains

Major indexes pushed higher amid strength in European and Asian bourses, ahead of Friday's closely watched payrolls report

Stocks finished higher Thursday amid a global rally that began in Asia on upbeat economic sentiment. Major indexes pared gains in afternoon trading, however, amid concerns about subprime lender New Century Financial's (NEW). Analysts continued to debate whether the market has hit a short-term bottom, with some traders nervous ahead of Friday's employment report, says Standard & Poor's Equity Research.

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