June 3

Stock Market Soars As U.S. Avoids Default, Jobs Report Impresses; These Stocks Surge

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The stock market rallied furiously as the Senate passage of the debt-ceiling bill and a strong jobs report tickled investors’ fancies. An improvement in market breadth strengthens the hand of bulls.



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The Nasdaq composite was one of the weaker indexes for a change, rising 1.1% for the day. It turned in a gain of…

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