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[Markets] US STOCKS-What trade fears? Wall Street is back in rally mode U.S. stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data eased fears of a domestic slowdown. After anxiety about a deepening trade war triggered a sell-off in late July and early August, leading to speculation that a decade-long bull market was ending, the S&P 500 has largely recovered and is now less than 2% short of its July 26 record high close. China and the United States agreed to hold talks in early October in Washington, boosting markets as investors bet on a thaw in the trade war between the world's two largest economies, which has taken a toll on global growth. Published:9/5/2019 3:26:18 PM
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