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The Economic Times
The Economic Times
Business

US stocks: US market starts the month strong as Mideast deal hopes rise

Wall Street's main indexes opened higher on the first trading day of August as signs of de-escalating tensions in the Middle East dragged down crude prices, while investors prepared for another week packed with earnings and economic data.

U.S. President Donald Trump on Sunday ‌said talks with ⁠Iran to reopen ⁠the Strait of Hormuz would take place sometime on Monday, though Iran contradicted him.

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