Wall Street rallied for third day

FXStreet (San Francisco) - The US stocks market rallied for third day to reach fresh record highs to end the week. The US job report boosted stocks and momentum remained in place throughout the session.

All indexes closed the week with gains.

The Dow Jones advanced 88.7 points or 0.52% to finish the day at 16,924.28; on the week the DJIA rallied 1.16%. The Nasdaq added 25.17 points or 0.59% to close at 4,321.40; the Composite jumped 1.86% in the latest five sessions.

The S&P 500 climbed 8.98 points or 0.46% to 1,949.44; 1.27% positive on the week.

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Analysts at Rabobank suggested that based on historical data ranging from 1977 up to and including 2013, they conclude that a 3-month treasury bill is the best hedge against total inflation with an investment horizon of one year...however...
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USD/JPY giving us a bullish technical play

USD/JPY is trading at 102.52, up 0.11% on the day, having posted a daily high at 102.63 and low at 102.11.
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