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In this Aug. 3, 2011 photo, a trader works on the floor of the New York Stock Exchange. European stocks rebounded Thursday, Aug. 11, as banks recouped some hefty losses despite ongoing concerns over their exposure to the debt of countries like Greece and Italy, while Wall Street was poised for a rebound following another rout. (AP Photo/Jin Lee)

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Unemployment report boosts stocks

Fewer Americans joined the unemployment line last week, and that rare piece of encouraging economic news pushed stocks higher today.


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