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Positive Investor Sentiment Stokes Broad-Based Market Rally
Two Fridays ago, Treasuries got hammered after the release of Februarys employment report, which showed that nonfarm payrolls were growing above expectations despite global economic issues. But the move lower was met with strong buyer interest and the trend toward lower yields resumed, which in turn kept the rally for equities in place. Stocks ended the week with the S&P getting back to the flat line for the year, but right up against key overhead technical resistance at 2,050.
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