U.S. Stocks Rally as Jobs Report Boosts Confidence in EconomyBy and
Job gains further cement expectations for Fed rate move
Oil tumbles as OPEC members balk at cutting production
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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