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Stock market closes higher after good news on earnings, job market
Stock market closes higher after good news on earnings, job market

After a shaky start, U.S. stocks rebounded Thursday, snapping a two-day losing streak. Investors welcomed better-than-expected quarterly results from several companies, including Ford, Coach and Harley-Davidson. Homebuilder stocks surged. Even energy stocks, which were down most of the day, recovered in concert with a slight uptick in oil prices. Benchmark U.S. crude oil rose 8 cents to close at $44.53 a barrel. New government data showing that applications for unemployment benefits fell to the lowest level in almost 15 years added a dash of favorable economic news. The broader market rally helped the major stock indexes regain some of the ground they lost earlier in the week, though...

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