US stocks finish higher amid hopes for US-Iran deal as oil price gains moderate
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US stocks finished higher amid hopes for a US-Iran deal, with oil price gains moderating. The market is betting that President Donald Trump will get some sort of a deal, despite international calls for a ceasefire to be respected.
US stocks pushed higher on Monday as oil price gains moderated. This was amid optimism that the US and Iran would strike a peace agreement. President Donald Trump claimed Iranian representatives phoned him to express a desire for a deal. Oil prices eased, with both major contracts ending higher but below $100 a barrel. The US indices picked up momentum after Trump's remark, with the S&P 500 finishing up 1.0 percent. The advance in stocks suggests the market remains confident that a potential end to the conflict could be imminent.
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