U.S. stocks finish at records to book weekly gains despite December job losses

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U.S. stocks finished at all-time highs on Friday, capping weekly gains for major equity benchmarks after a worse-than-expected employment report in December bolstered expectations for further fiscal stimulus. The Dow Jones Industrial Average rose 57 points, or 0.2%, to end at 31,098, based on preliminary numbers. The S&P 500 gained 20 points, or 0.6%, to end near 3,825. The Nasdaq Composite was up 135 points, or 1%, to finish around 13,202. This week, the S&P 500 gained 1.8%, the Nasdaq climbed 2.4% and the Dow rose 1.6%. The Labor Department reported the U.S. economy lost 140,000 jobs last month, below the forecast of a 55,000 gain. Expectations for further fiscal support helped to lift long-term bond rates, with the 10-year Treasury note yield rising 19 basis points this week to end at 1.105%.
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