Stocks Climb as Jobs Report Dims Hawkish Fed Bets: Markets Wrap

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from Yahoo! Finance,

Stocks climbed on speculation the economy is recovering at a pace that won’t make the Federal Reserve imminently take away the liquidity punch bowl that has helped push the market to a record.

The report bolstered views the central bank won’t rush to taper its stimulus program any time soon.

“Today’s report likely does not significantly change the Fed’s calculus here, as the U.S. labor market is far from its ‘full employment’ mandate.”

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