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U.S. stocks rise on earnings optimism, dollar gains

Reuters  |  NEW YORK 

By Hilary RussNEW YORK (Reuters) - The S&P 500 stock index hit a four-month high on Tuesday, boosted by higher oil prices and expectations for strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as investors bought riskier assets.World share markets remained near three-week highs, supported by optimism about U.S. company earnings and the notion that global economic growth can withstand trade tensions."The market is in a very optimistic mood. The economic data is very strong and the labour markets are strong, and companies are making a lot of money," said Randy ...

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First Published: Wed, July 11 2018. 00:46 IST
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