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The S&P 500 rose 1.8 percent, pushing past its previous peak at the start of June and capping a big turnaround from a recent sell off in technology stocks.
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S&P 500, Dow hit record highs on strong AI-linked earnings, Mideast deal hopes ReutersS&P 500 hits record, Dow surges 900 points after Bessent says Hormuz deal is near: Live updates CNBCS&P 500, Dow hit record highs on strong AI-linked earnings and hopes for an Iran war deal NBC NewsStocks in Record Territory as Investors Shake Off Worries The New York Times
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Growth in the number of weekly hours worked at small businesses hit its highest level in over five years last month, according to Paychex.
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Stocks have shot higher over the past four trading sessions, and investors who are worried about missing out are piling into bullish options bets just to try to keep up.
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Sources: Falcons, RB Robinson reach 3-year deal worth up to $75M ESPNJahmyr Gibbs' cryptic comments on how long Lions hold-in will continue: 'Only time will tell' Yahoo SportsWhich teams won the MLB trade deadline; Bijan Robinson becomes NFL's highest-paid RB CBS SportsDan Campbell hopes Bijan Robinson deal hastens Jahmyr Gibbs extension The Detroit News
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S&P 500 hits record high as Iranian and Omani negotiators agree on temporary shipping arrangement
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Hundreds of millions of SpaceX shares that have been off-limits since the IPO become tradable for the first time. That's not great news.
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Higher oil prices propelled a quarterly earnings jump for Saudi Arabia's energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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Don't chase a SpaceX stock rally even if earnings are excellent, as a wave of shares will become available for sale.
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