US STOCKS-Wall St starts the month strong as Mideast deal hopes rise

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Wall Street’s main indexes rose over 1% each on the first trading day of August as signs of de-escalating U.S.-Iran tensions dragged down crude prices, while investors prepared for another week packed with earnings and economic data. Most megacap and growth stocks gained, ?with Amazon.com rising 5.3% to cross $3 trillion in market value for the first time. U.S. President Donald Trump said on Sunday that talks with Iran to reopen the Strait of Hormuz would take place sometime on Monday, though Iran contradicted him. Brent crude prices slid 6% while the yield on the two-year Treasury note dipped 3.3…

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