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Stocks Get a Boost From Surprisingly Strong Payroll Report

Stocks opened higher on Friday after the nonfarm payrolls report came in stronger than expected. Unemployment dropped to 6.3% and 288,000 jobs were added. CVS shares slipped after reporting its earnings. CVS blamed weaker sales in the drug stores on a moderate flu season and a harsh winter. Other companies continue to deliver a mixed bag of earnings. LinkedIn disappointed, while Exxon benefited from higher natural gas prices. Warren Buffett is hosting his annual meeting for shareholders.