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U.S. Stocks Rise as Payrolls Climb to Pre-Recession Peak

U.S. stocks rose, extending records for equity benchmarks, as data showed payrolls pushed past their pre-recession peak for the first time in May.

Joy Global Inc. jumped 3.9 percent, rallying for a second day, as industrial shares advanced. Gap Inc. gained 2.1 percent as same-store sales for May beat analyst forecasts. Rally Software Development Corp. plunged 29 percent after the company forecast revenue below analysts’ projections. Hertz Global Holdings Inc. plummeted the most in seven months after saying it needs to fix three years of accounting.