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Stocks open higher on US jobs news, Merkel talk

  • Listed: December 2, 2011 3:51 pm

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NEW YORK (AP) — Stocks rose in early trading Friday after a report showed improvement in the U.S. job market and Germany’s chancellor talked tough about fiscal discipline in the European Union. The Dow Jones industrial average rose 78 points, or 0.7 percent, to 12,098 in the first half-hour of trading. The Standard & Poor’s 500 index rose 9, or 0.7 percent, to 1,253. The Nasdaq composite rose 19, or 0.7 percent, to 2,645. The gains were broad. Bank stocks rose the most, followed by industrial companies. JPMorgan Chase & Co. rose 3.4 percent, the most among the 30 stocks in the Dow average. Only two Dow stocks fell, Hewlett-Packard Co. and Wal-Mart Stores Inc. The government said the…

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