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Snapshot: S&P 500 closes in record territory

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A tepid jobs report Friday barely dented a summer rally on the stock market. The S&P 500 ended the week 1 percent higher after breaking through 1,700 points for the first time Thursday. The index has risen for five of the last six weeks. And the Dow is on a streak of six weekly gains. On Friday, indexes dropped in early trading after the US added fewer jobs than forecast in July, curbing optimism that the economy is poised to pick up strength in the second half of 2013. The market recovered, though, and major indexes ended slightly higher. The gains were enough to set all-time highs for the Dow and S&P. The S&P is up 19.9 percent this year.

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