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FEB 01, 2013 - MarketWatch

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U.S. stock market rallies on jobs report

NEW YORK (MarketWatch) -- U.S. stocks on Friday started a new month with strong gains after the January nonfarm payrolls report bolstered thinking that the lackluster recovery remains on track. "This is the day we probably reach 14,000 on the Dow," said Darrell Cronk, regional chief investment officer at Wells Fargo Private Bank. "The primary driver is not the 157,000 new jobs, but the positive revisions to the months of November and December," Cronk said. The Dow Jones Industrial Average rose 81.97 points, or 0.6%, to 13,942.55. The S&P 500 index gained 8 points, or 0.5%, to 1,506.11. The ... Read More

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