S&P 500 Relief Rally Still Depends on Oil Falling Below $90

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One document. Fifteen points. Delivered through Pakistan. That’s all it took to send the Dow Jones Industrial Average surging 581 points at the open — the biggest intraday jump in weeks — before settling to a still-impressive gain of 401 points, or 0.9%, to 46,527. The S&P 500 advanced 59 points to 6,615, up 0.9%. The Nasdaq Composite was the standout, gaining 294 points, or 1.4%, to reach 22,056. The Russell 2000 — the small-cap benchmark that tends to reflect domestic economic confidence — climbed 1.58% to 2,544. Futures had already telegraphed the move before New York opened: Dow futures…

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