Wall Street up ahead of holiday; data lifts payroll hopes

April 2, 2015 3:46 PM

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Wall Street up ahead of holiday; data lifts payroll hopes

NEW YORK (Reuters) - U.S. stocks rose in a broad advance on Thursday as a reading on the labor market came in better than expected, raising hopes that Friday's payroll report would show similar strength.

Jobless claims unexpectedly fell in the latest week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled. The report follows lower-than-expected readings on private sector employment and manufacturing on Wednesday.

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