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Stocks at record levels on April jobs report

10:53 AM, May 3, 2013
In this Thursday, May 2, 2013, photo, traders gather at a post on the floor of the New York Stock Exchange. Stock markets edged higher on Friday May 3, 2013 ahead of the release of the U.S. government's monthly unemployment report, a key measure of the health of the world's largest economy. (AP Photo/Richard Drew)
In this Thursday, May 2, 2013, photo, traders gather at a post on the floor of the New York Stock Exchange. Stock markets edged higher on Friday May 3, 2013 ahead of the release of the U.S. government's monthly unemployment report, a key measure of the health of the world's largest economy. (AP Photo/Richard Drew)
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Wall Street now has 1,600 more reasons to be bullish on stocks.

Following a far better-than-expected number on job creation last month, the benchmark Standard & Poor's 500 stock index rallied above the 1,600 level Friday to another record high, eclipsing that psychologically important milestone for the first time.

Traders are breathing a little easier "that the sky is not yet falling on the U.S. economic expansion," says Scott Anderson, chief economist at Bank of the West. ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

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