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Stocks Surge, Havens Retreat as Korea Fears Wane: Markets Wrap

  • U.S. officials say nuclear war with North Korea isn’t imminent
  • Volatility drops; Treasuries, gold and the yen all pull back
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Quad Group's Borish Says Markets May Be 'Dicey' in Fall

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Stocks gained and volatility receded as the prospect of war between the U.S. and North Korea cooled. Havens such as gold, Treasuries and the yen fell. Oil retreated.