NEW YORK: US stocks extended their post-election rally for a third session on Friday, with the Dow striking a four-month high after a government report showed strong jobs growth last month, boosting hopes that the economic recovery is taking hold.
Meanwhile, shares of S&P component Sears, Roebuck & Co. jumped more than 25% to US$46.90 after real estate company Vornado Realty Trust said it raised its stake in the retailer, a step that could lead Sears to convert some of its real estate assets into cash.
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