Stocks Almost Erase 2016 Losses as Bulls Charge

The bulls have gained the upper hand in the U.S. stock market in recent weeks and strategists are cautiously optimistic the rebound will continue. A lot is riding on whether economic data can continue to hold up, since upbeat reports in recent weeks have eased fears the United States may be headed for a recession. Friday’s jobs report was the latest signal that those worries were overblown, with February U.S. payrolls surging more than expected.

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