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21

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

By Tony Seruga

S&P 500 touches all-time intraday high; Russell at record
Cohen, Manafort legal woes spark some demand for haven assets

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. Also following the regular session, Trump’s former campaign chairman was found guilty of tax fraud, among other charges. The news sparked mild demand for haven assets…

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

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