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Friday, November 8, 2013

Jobs Report Sparks Buying

Stocks are trading higher on Friday on positive jobs data. Disney drops despite beating earnings estimates; GAP is up almost 6% on better same-store sales; and McDonald's is down slightly after reporting in-line sales in October. 204,000 jobs were added in October and August and September numbers were revised higher. The unemployment rate rose to 7.3% from 7.2%.
At first look the jobs report brought back taper talk, but once digested it didn't look so robust, says Doug Roberts of Channel Research. TheStreet's Debra Borchardt reports in New York.

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