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WALL STREET INSIGHT

Boost for stocks from robust jobs growth despite lurking deflation risk with weak oil

Monday, February 9, 2015 - 05:50
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US stocks gave back some of the week's gains last Friday after S&P cut Greece's long-term sovereign credit rating to B negative from B, citing liquidity constraints weighing on Greek banks.

STOCKS finished near records last week as surprisingly strong jobs data erased January fears that the US would follow weaker trading partners into a dangerous deflationary spiral.

The jobs report ticked almost every box on Federal Reserve chairwoman Janet Yellen's wish list. With 257,000