Wall Street rallies to the edge of its all-time high as oil prices ease
NEW YORK (AP) — U.S. stocks rallied to the edge of their all-time high and crude oil prices eased as hopes climbed that the United States and Iran may try again on talks to end their war. The S&P 500 rose 1.2% Tuesday, bringing the index within 0.2% of its record set in January. The Dow gained 0.7%, and the Nasdaq composite climbed 2%. If talks succeed and the war ends up being only a temporary setback for the global economy, investors can turn their attention back to the rising profits for companies that had markets worldwide doing well before the fighting began.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
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