(CNBC) U.S. stocks rallied for a second day Friday, with Wall Street clearing weekly losses as investors decided the nonfarm payrolls report wasn't so terrible after all.
"It was bad, but not that bad," said Marc Doss, regional chief investment officer at Wells Fargo Private Bank.
"We've made some progress here, we still think we'll get back to a better trend," he added.
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The government reported the creation of 113,000 jobs in January versus expectations of 185,000. The jobless rate fell to 6.6 percent versus an expectation of 6.7 percent.