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Higher wages lift stocks to record highs; Dow almost touches 20,000

Higher wages lift stocks to record highs; Dow almost touches 20,000

The Dow Jones industrial average missed the 20,000 mark by a fraction of a point Friday as U.S. stock indexes rose after the government said wages jumped in December. The Standard & Poor's 500 index and the Nasdaq composite rose to new record highs.

Stocks wavered between gains and losses in the morning after the December jobs report, which showed less hiring than analysts hoped to see. Bond yields rose sharply, as the continued job gains should encourage the Federal Reserve to keep raising interest rates.

Read more: U.S. economy creates a modest 156,000 jobs in December...

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