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Market Snapshot: Nasdaq rises more than 1% Friday as May jobs report invokes bullish ‘Goldilocks’ scenario

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U.S. stocks rose in midday trading Friday after the May nonfarm payrolls report showed a less-than-expected gain, leading investors to believe that the Federal Reserve will maintain its easy-money policies for longer.

The Fed: Fed’s Mester calls May job report ‘solid,’ sees no sign of wage-push inflation

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