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Stocks Hit Records Ahead of Earnings; Oil Falls: Markets Wrap

  • U.S. Treasury auctions $96 billion three- and 10-year notes
  • Crude oil declines for first time in three trading sessions
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WATCH: Neeraj Seth, head of Asian credit at BlackRock Inc., discusses the decision of the PBOC to cut the amount of cash most banks must hold in reserve, and its implications for financial markets.Source: Bloomberg
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U.S. stocks registered more all-time highs as investors await second-quarter earnings starting this week to gauge whether corporate profits can support equity valuations. Treasury yields edged slightly higher as the U.S. sold debt.

Financials and communication services shares led the S&P 500 to another record, while Tesla, Nvidia and Google parent Alphabet pushed the tech-heavy Nasdaq 100 into uncharted territory. Both indexes set their previous closing marks on Friday. The Stoxx Europe 600 gained for a second day and Asian equity indexes closed in the green.