US Stocks Close at Record Highs on Peace Hopes: Markets Wrap

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(Bloomberg) -- US stocks closed at record highs on Wednesday, as a potential peace deal in the Middle East and a strong start to corporate earnings season stoked investor optimism. The S&P 500 finished the day up 0.8%, extending a dramatic two-week surge from its late March lows. The tech-heavy Nasdaq 100 was up 1.4%, also a record. Bank of America Corp. and Morgan Stanley rose as their equity traders posted strong revenue beats. Hopes that peace efforts between the US and Iran will succeed have

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US Stocks Close at Record Highs on Peace Hopes: Markets Wrap

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