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S&P 500 Erases June Losses After Record Home Sales: Markets Wrap

  • Boeing 737 Max takes off for regulator test of comeback effort
  • U.S. pending home sales surged 44.3%, exceeding all forecasts
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U.S. stocks climbed after better-than-estimated economic data overshadowed concern over an increase in coronavirus cases. The dollar advanced and Treasuries were little changed.

The S&P 500 erased its June decline after a report showed U.S. pending home sales posted a record gain, exceeding all forecasts. Boeing Co. led gains the Dow Jones Industrial Average after a 737 Max lifted off from a Seattle airfield with a U.S. Federal Aviation Administration pilot on board. The tech-heavy Nasdaq extended gains as Facebook Inc. wiped out its losses.