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U.S. Stocks Rise to Records Amid Middle East Calm: Markets Wrap

  • Treasuries yields decline; crude back below $60 a barrel
  • Pound weakens after BOE says it’s debating merits of stimulus
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Allianz Global Investors’ Mona Mahajan says U.S. economic data remains in the forefront in spite of increased tension between the U.S. and Iran.Source: Bloomberg
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U.S. stocks rose to fresh records as investor appetite for risk returned after America and Iran stepped back from the brink of war.

The S&P 500, Dow Jones Industrial Average and Nasdaq indexes all closed at all-time highs as the conflict between the U.S. and Iran deescalated. Oil fell below $60 a barrel in New York, gold declined for a second day and the Japanese yen dropped to a two-week low versus the dollar.