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Expect more record market highs


The stock market has more evidence to quell fears that a recession could be looming, CNBC’s Jim Cramer said Friday.

The major averages all surged about 1% during the session, the same day the October jobs report showed that companies added 128,000 new payrolls. That topped the 75,000 that economists had estimated.

The S&P 500 and Nasdaq Composite set record closes at 3,066.91 and 8,386.40, respectively, to end the trading week.

The U.S. consumer economy remains strong and the weaker manufacturing economy received a boost from the Federal Reserve when it issued its third interest rate cut this year, the “Mad Money” host said.

“That’s exactly what happened this week, which is why today’s…


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