U.S. stocks rose after encouraging readings on the U.S. economy, including a solid March jobs report, added to the growing chorus that early-year fears were overblown. Stocks declined sharply at the start of 2016 on fears that the U.S. economy could be heading into a recession, but shares rebounded in recent weeks as data have increasingly shown economic resilience. In addition to the jobs report, which was in line with expectations, data showed U.S. manufacturing activity expanded in March for the first time since last summer. The Dow Jones Industrial Average rose 0.6% Friday. The S&P 500 added 0.6%, and the Nasdaq Composite gained 0.9%. It was the sixth weekly gain in seven weeks for both the Dow industrials and the S&P 500.
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