Stocks surge to new highs after a big hedge-fund manager says he's 'definitely bullish.' Plus, traders are cheered by falling government deficits.
The Dow briefly tops 15,000, and the broader S&P 500 tops 1,600 for the first time after the government reports 165,000 jobs created in April, more than expected. The unemployment rate drops to 7.5%.
Stocks recovered just about all of Wednesday's losses. But the big drama comes Friday when the government issues its April jobs report. A bad report could hurt the market.
The group just seems right for rotation and appreciation.
Count on oil and natural gas prices to remain under price pressure in the foreseeable future.
Wall Street seems poised to follow Europe higher ahead of more data, earnings.
Earnings are starting to look a bit better with half the S&P 500's quarterly results in. Revenue, however, is a different and bothersome story.
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The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.