Stocks Rally After 'Bad News Is Good News' Jobs Report

April 7, 2015 2:32 AM

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NEW YORK (TheStreet) -- Wall Street had the weekend to mull over a disappointing March jobs report, and after some reflection, determined that the latest sign of U.S. economic softness was actually good news. The report, released after the close of markets on Friday, bolstered speculation that the Federal Reserve may increase interest rates later this year.

The S&P 500 was up 0.67%, and the Nasdaq added 0.61%. The Dow Jones Industrial Average jumped 0.68%.

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