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DOW + 222 = 17,928
SPX + 25 = 2084
NAS + 59 = 4809
10 Y un = 1.76%
OIL + 1.22 = 44.66
GOLD + 1.90 = 1266.30

The price of oil matched a six-month high, and companies that drill for oil and refine it also rose. All 10 industrial sectors of the Standard & Poor’s 500-stock index finished higher.

The number of available jobs rose to an eight-month high in March. The Labor Department said 5.76 million jobs were created in March, up from 5.61 million in February. The quits rate — a measure of worker willingness to leave one job for another — stayed at 2.1% in March. The quits rate staying the same shows there’s little evidence of meaningful wage pressure. The Job Opening and Labor Turnover Summary shows the number of job openings are up 11% year-over-year compared to March 2015.

A measure of small-business sentiment rose in April, snapping a three-month losing streak that took it to a two-year low. The National Federation of Independent Business’s optimism index rose 1 point to 93.6, slightly better than the 93.1 forecast by economists. Most of the index’s sub-gauges rose or stayed neutral. Only one, the index that tracks views about the future path of the economy, slipped.

It is too early to assess precisely the economic impact of the Alberta wildfire, according to the Bank of Canada, adding that it will have more to say in its interest rate decision later this month. Markets have ratcheted up the odds of a Canadian rate cut by year-end as the blaze disturbs oil production, but economists say the temporary interruption alone is unlikely to force the central bank’s hand on May 25.

As Washington remains deadlocked over a solution to Puerto Rico’s rapidly worsening debt situation, Treasury Secretary Jacob Lew traveled to the US territory on Monday to put a face on the crisis. Policymakers in the House of Representatives will unveil a new version of emergency legislation tomorrow, which will clarify how to prioritize the different creditors in Puerto Rico’s labyrinthine web of bond issuers.

Greece’s 10-year bond yields have fallen below 8% for the first time in over six months after Eurozone finance ministers offered debt relief to the cash-strapped country. The deal appears to be a compromise between Germany, which does not believe Athens needs additional debt relief, and the IMF, which insists it is necessary, and will be fleshed out by deputy finance ministers by May 24.

Federal authorities are investigating the market-making arms of Citadel LLC and KCG Holdings, looking into the possibility that the two giants of electronic trading are giving small investors a poor deal when executing stock transactions on their behalf. The Justice Department has subpoenaed information from Citadel and KCG related to the firms’ execution of stock trades on behalf of clients.

Institutional Investor just released its annual list of the top-earning hedge fund managers, and six of the top eight are quants, or managers who rely on computer programs to guide their investing. The list includes Ken Griffin of Citadel, Jim Simons of Renaissance Technology, and John Overdeck...


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