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Kiplinger

Business

Karee Venema

Stock Market Today: Stocks Soar After Jobs Data, Debt Ceiling Deal

Edward Moya José Torres Jobs Report Oil CAT US Federal Reserve

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The May jobs report came out ahead of Friday's opening bell and market participants liked what they saw.

Sentiment also got a boost after the Senate last night passed a bill to suspend the debt ceiling, effectively averting a U.S. default. As a result, stocks jumped out of the gate and rallied hard into the close.

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