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Markets rally after forecast-busting US jobs data (AP)

LONDON – Stocks spiked sharply higher on Friday after forecast-busting U.S. jobs figures reinforced hopes that the recovery in the world’s largest economy is gathering pace at a time when other regions, notably Europe, may be heading back into recession. Figures from the Labor Department showed that employers in the U.S. added 243,000 jobs in... Read more of this article

Analysis: Stock-picking makes a comeback as macro tides fade (Reuters)

NEW YORK (Reuters) – Stock-picking once again matters on Wall Street. After a year in which stocks moved in near-lockstep regardless of individual merit, the herd mentality is crumbling away. The move away from a frenzied rush in and then back out of the market is a welcome sign for stressed-out fund managers and lay investors alike. “If... Read more of this article

Nasdaq vaults to 11-year high on surge in jobs (Reuters)

NEW YORK (Reuters) – A surge in hiring in the world’s largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery. The broad-based gains on solid trading volume also sent the Dow Jones industrial average near a four-year high. The SP 500 extended its 2012 advance... Read more of this article