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Stocks rally while Treasuries fall as U.S. jobs data brightens outlook

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Markets mixed as jobs data brightens outlook, rekindles inflation fears

prices jumped on signs of economic strength, but remained on track for a weekly decline. Shares in U.S. banks also rebounded after a rough week following the collapse of a third major bank.

Strong economic data sometimes pressures stock prices if traders think it implies tighter policy, but Friday's trading suggested relief at signs of economic strength that eased worries about prospects of a recession.

 

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