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More Record Highs for Stocks
Stocks continued their late-year rally with gains in most sectors, save energy which is still in a funk due to plummeting oil prices. Activity in the investment markets is expected to slow down over what’s left of the year.
Last week’s market strength was capped off with a surprisingly strong jobs report. The Labor Department said 321,000 nonfarm jobs were added in November. As 2014 closes out, the investment community is luxuriating in the generally positive direction of the overall economy and is less inclined to be bothered by indications to the contrary.