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Updated from 4:12 p.m. EST
Wall Street perked up late Friday and closed higher as the prospect of a potential blockbuster deal in the tech sector and unexpectedly strong manufacturing data overshadowed a horrid report on U.S. employment and more worry over bond insurers.
The Dow Jones Industrial Average added 92.83 points, or 0.73%, to 12,743.19, and the S&P 500 tacked on 16.87 points, or 1.22%, to 1395.42. The Nasdaq Composite advanced 23.50 points, or 0.98%, at 2413.36, despite an 8.6% drop in shares of Google (GOOG Quote).
The winning session punctuated a strong week for the major averages. The Dow climbed 4.4%, and the S&P 500 added 4.9% for the week. The Nasdaq advanced 3.7% over the five sessions. ...
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