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• The Dow Jones Industrial Average .DJI rose 94.3 points, or 0.44 percent, to end at 21,414.34, the S&P500 .SPX gained 15.43 points, or 0.64 percent, to 2,425.18 and the Nasdaq Composite .IXIC added 63.62points, or 1.04 percent, to 6,153.08.

Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a U.S. payrolls report that gave investors more confidence in the strength of the U.S. economy.

• The economy added 222,000 jobs last month, Labor Department data showed, exceeding expectations of a 179,000 gain, putting the Federal Reserve on track to raise interest rates once more this year. However, muted wage growth may give the Fed room to pause if need be.

• Policymakers have taken opposing views on inflation after it retreated further below the Fed's 2 percent target in May, creating uncertainty over the future path of rate hikes.

Reference: Reuters, Money Morning