NEW YORK - U.S. stocks rose on Friday after a stronger-than-expected payrolls report gave traders confidence that the economy could be healthy enough to withstand a scaling back of the Federal Reserve's stimulus.
- Unemployment rate hits five-year low, eyes on the Fed |
- Judge rejects consumers' bid to block American-US Airways merger
- Fed's Evans says open-minded on December taper, but prefers waiting |
- Consumer credit grows more than expected in October
- Exclusive: Comcast taps JPMorgan on potential Time Warner Cable bid - sources
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The US economy grew even faster than initially thought in the third quarter, but possibly not in the most helpful way.