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04.08.2026 09:18 AM
A hint of de-escalation in the Middle East was enough to wake the S&P 500 from its slumber: the broad index moved within arm’s reach of its all-time high, the Nasdaq Composite gained over 2%, and the Dow Jones notched its 22nd record close of the year, the first new high in a month.
Dynamics of US stock indices
The formal catalyst for the rally was US President Donald Trump’s remark that he had called off a large strike on Iran to
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