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Baystreet
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Employment Figures Ease Interest Rate Fears, Stocks Vault
- Stocks jumped sharply after a softer-than-expected April jobs report boosted hopes of interest rate cuts.
- Dow Jones Industrials gained 1.2%, S&P 500 rose 1.3%, and NASDAQ surged by 2%.
- Strong quarterly reports from major companies like Apple and Amgen contributed to the rally.
- Prices for Treasury bonds dropped, oil prices fell, and gold prices retreated slightly.
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