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U.S. Stocks Rise as Job Gains Overshadow Ukraine Concern

U.S. stocks rose, with the Standard & Poor’s 500 Index erasing losses to close at a record, as data showing stronger-than-forecast jobs growth overshadowed concern the situation in Ukraine could worsen.

Nike Inc. rose 1.6 percent on a report the company signed quarterback Johnny Manziel to a marketing deal. Foot Locker Inc. jumped 8.8 percent after fourth-quarter adjusted profit and sales topped estimates. Safeway Inc. slid 2.2 as investors weighed potential antitrust hurdles to an offer for the company. Peabody Energy Corp. plunged 5.3 percent for the biggest drop in the benchmark index.