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WALL STREET INSIGHT

Stocks may hit new highs on jobs data

But aggregate earnings for the broad S&P 500 look set to decline for the third straight quarter

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UPS AND DOWNS: One reason the Fed may continue to keep its thumb on interest rates and the dollar are fears raised by an economic growth report last week. Consumer spending on goods - as opposed to services, where rising healthcare costs lift spending - grew by the slimmest margin in five years in the first quarter.

LAST week, stocks dropped after big letdowns from the Bank of Japan (BOJ), US data and Apple.

Stocks remain close to all-time highs and could break through to new heights if jobs data and earnings this week ease fears about the outlook for the US and global economies.

Traders had