U.S. Stocks Gain After Jobs Data Fuels Optimism; Crude Slides

  • Oil erases 2016 gain on Saudi comments on output freeze
  • S&P 500 health-care, technology shares offset energy producers

U.S. Unemployment Rate 5.0% on 215,000 Jobs Added

U.S. stocks rose and Treasuries retreated as signs of life in the manufacturing sector and a strong jobs report bolstered confidence in the world’s largest economy. Crude erased gains for the year.

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