U.S. Stocks Rally as Jobs Report Boosts Confidence in Economy

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  • Job gains further cement expectations for Fed rate move
  • Oil tumbles as OPEC members balk at cutting production

U.S. Employers Add 211,000 Jobs in November

U.S. stocks rallied, with the Standard & Poor’s 500 Index recovering from its steepest drop in two months amid its strongest gain in nearly three, as jobs data bolstered confidence that the economy is strong enough to withstand higher borrowing costs.

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