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U.S. Stocks Log Biggest Gain in Over Three Weeks: Markets Wrap

  • Dollar gains, Tresuries flat; gold, West Texas crude rise
  • Emerging market currencies flag; European equities rally
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U.S. payrolls rose in April by 164,000 while the jobless rate fell to 3.9%. Bloomberg’s Katia Dmitrieva reports.(Source: Bloomberg)
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U.S. stocks logged their biggest advance in almost four weeks after the country’s jobless rate hit an 18-year low. The dollar finished higher while Treasury yields flattened out as the market assessed the impact of America’s inconclusive trade talks with China.

The S&P 500 Index closed higher Friday but failed to recoup its losses for the week. Apple Inc. and Berkshire Hathaway Inc. were among the benchmark’s biggest advancers as the tech and financial sectors led the charge.