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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 closed at a more than five-month high on Tuesday, boosted by expectations for strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as waning trade war fears drove a bid for riskier assets.World equities markets remained near three-week highs, supported by the optimism on U.S. company earnings and expectations 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 ...

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First Published: Wed, July 11 2018. 02:44 IST