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Stocks Hit Four-Week High on Earnings; Pound Jumps: Markets Wrap

  • Treasuries fall with gilts after report that Brexit deal nears
  • Oil drops amid a weak outlook for the global economy
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Bullard Says Fed Must Consider `Additional Insurance' in Next Meetings
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U.S. stocks touched four-week highs, led by health care and financial shares, as earnings season began in earnest. The pound strengthened as the U.K. and European Union moved closer to a Brexit deal.

The Nasdaq Composite Index jumped more than 1.2%, while the S&P 500 topped 3,000 on an intraday basis for the first time in three weeks. Treasury yields rose amid the risk-on backdrop.