Stocks Close at Five-Month High on Dovish Fed Turn: Markets Wrap
- Dollar ends losing skid; crude, gold decline; bonds steady
- Brexit talks stir sterling; Temer arrest hits Brazil shares
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U.S. equities reached a five-month high as investors reacted to a dovish lurch by policy makers in the world’s largest economy. The dollar rebounded after a four-day skid, while government bonds stabilized. West Texas crude and gold declined.