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U.S. Stocks Hit Record; Yen, Bonds Pare Losses: Markets Wrap

Randall Jensen, Sarah Ponczek
U.S. Stocks Hit Record; Yen, Bonds Pare Losses: Markets Wrap

U.S. stocks climbed, sending the S&P 500 Index to an intraday record, as investors speculated the Trump administration would ease trade tensions with China. The yen and Treasuries pared losses after President Donald Trump’s longtime lawyer pleaded guilty to federal charges. Michael D. Cohen’s plea deal, confirmed after the markets closed in New York, included his saying he was directed to violate campaign law at the direction of a candidate for federal office.

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