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S&P hits 5-month high as industrials, energy boost; banks weigh


By Amy Caren Daniel(Reuters) - The benchmark S&P 500 hit a more than five-month high on Friday as gains in industrials and energy companies offset a drop in financials after a mixed bag of quarterly results from three big Wall Street banks.The industrial sector gained 0.55 percent, with Boeing, Caterpillar and 3M all up around 1 percent, in the absence of any trade rhetoric overnight. Treasury Secretary Steven Mnuchin said the United States and China could reopen trade talks if Beijing was willing to make significant changes.Oil prices rose over 1 percent as strike actions in Norway and Iraq ...

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First Published: Fri, July 13 2018. 22:37 IST