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The U.S. stock market got off to a weak start this morning, but reversed direction and headed sharply higher in the afternoon. At the close of trading, the Dow Industrial Average had advanced 225 points, gaining over 1%; the broader S&P 500 Index had risen 19 points; and the NASDAQ had climbed 45 points.
The nation added 288,000 jobs in June, with non-farm payrolls strengthening much more than had been anticipated. The consensus expectation for the month had been for job growth of about 215,000.