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308,000 Jobs Created In March
1That's the most in 4 years and well over the most upbeat views. Jan. and Feb. payrolls were revised up by 87,000. Factory jobs were flat in March, ending 43 months of declines. Service-producing jobs swelled 230,000. The jobless rate ticked up to 5.7%. The report is a big boost to President Bush. Market moves before the data's release spurred probes. More on this page, A2
Jobs Report Fuels Nasdaq Gains
2 The composite surged 2.1%, and the big-tech Nasdaq 100 rose 2.6%. The Dow and S&P 500 rose 0.9% each. All three major averages closed above their 50-day averages. The small-cap S&P 600 climbed 1.2%; the Russell 2000 rose 1.4% to a new high. Even better: Volume was solidly higher across the board and finally in step with the market's price gains. More on this page, B2
Jobs Data, Fed Fears Rock Bonds
3The 10-year Treasury yield surged 6.7%, or 26 basis points to 4.14%, a 2-month high. March's powerful report means the jobs-fixated Fed could raise interest rates from the 45-year low of 1% by this summer. Higher rates will likely hurt home sales and refinancing activity. Shares of builders and lenders sold off Friday. More on B4
Tyco Case Shuttered As Mistrial