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Wall St ends sharply higher, S&P 500 nears record high as Middle East tensions cool

U.S. stocks surged, fueled by optimism surrounding a fragile truce between Israel and Iran. Investors are closely monitoring Federal Reserve Chair Jerome Powell’s statements for insights into potential rate adjustments. The Nasdaq 100 reached a record high, while the S&P 500 approached its all-time peak, despite concerns over consumer confidence and anticipation of upcoming economic data releases.

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