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Stocks, Dollar Rise as Bonds Slip Amid Jobs Data: Markets Wrap

  • Yen, gold and Treasuries decline; onshore yuan rises again
  • Dollar strengthens against most peers after strong jobs data
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UBS's Donovan Says Latest U.S. Data Is 'Just Noise'

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U.S. stocks rose to fresh records, the dollar strengthened and Treasuries fell as a spike in private hiring data bolstered optimism in the economy before Friday’s jobs report. Markets largely ignored the U.S. withdrawal from the Paris climate pact.

The S&P 500 Index and the Dow Jones Industrial Average closed at all-time highs. Banks rebounded from a selloff as the 10-year Treasury yield pushed higher. European equities halted a five-day slide. The dollar strengthened as companies added more workers to U.S. payrolls in May than forecast. West Texas oil erased gains in afternoon trading.