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BREXIT BLUES GONE: S&P 500 NEAR RECORD


he Standard & Poor's 500 index narrowly missed setting a new closing high Friday as a stronger-than-expected jobs report sparked a monster rally and Wall Street finally recouped all of its 'Brexit'-related losses.The government reported that 287,000 jobs were created in June, far above the 180,000 estimate. The robust June jobs report is a key data point that will go a long way towards reducing U.S. recession fears on Wall Street.The S&P 500 rose 32.00 points, or 1.5%, to 2129.90, stopping just shy of its record closing high of 2130.82 set May 21. The market benchmark briefly crossed over that level in afternoon trading. The Dow Jones industrial average jumped 251 points, or 1.4%, to 18,147 for its highest level since May 2015. The blue-chip index rose for the sixth day out of the last eight sessions and has more than recovered from its 870.83-point drop it experienced in the two days after the United Kingdom voted to leave theEuropean Union.

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