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Markets not out of the woods yet, with jobs report looming on Friday

Bob Pisani

The Dow Jones Industrial Average slumped more than 700 points on Thursday only to rally back 600 points in the afternoon after positive comments about rate hikes and the global economy. There are a number of unresolved factors still weighing on stocks, including clarity on rate hikes, a global oil glut and trade battles. The question is whether Wall Street wants to see a good or a bad jobs report, due out Friday morning.