Dow up 350: Stocks surge as hike seems set

December 4, 2015 7:10 PM

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U.S socks are skyrocketing — with the Dow up 350 points in afternoon trading — after the government's November jobs report topped expectations and signaled economic strength, paving the way for a Federal Reserve rate hike later this month.

The economy added 211,000 jobs to their rolls in November, topping expectations of 200,000 and reaffirming the strength of the U.S. labor market and the economy. The nation's unemployment rate was unchanged at 5%, and inline with expectations.

Also read: U.S. Economic Growth Rebounds on Boost From Exports, Inventories

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