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Stocks Surge on Tech Strength Despite Trade Fears: Markets Wrap

  • China responds to U.S. tariffs; Trump considers adding more
  • U.S. jobs report shows strong hiring, slowing wage increases
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U.S. Payrolls Rise 213,000, Wage Gains Slow(Source: Bloomberg)
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Technology beat the trade war, for a day at least.

U.S. stocks rose in light trading Friday as biotech shares drove gains following a report that Biogen Inc.’s Alzheimer’s drug showed positive results in a large clinical trial. The dollar extended losses and Treasuries climbed as investors assessed a mixed jobs report and the impact of an escalating trade rift with China.