US stocks gain on optimism over US-Iran deal to open Hormuz
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[NEW YORK] US equities climbed and US oil prices were lower as investors bet that a deal to re-open the Strait of Hormuz was close, even as hostilities flared to test the fragile ceasefire.
The S&P 500 Index opened 0.6 per cent higher on Tuesday (May 26) morning, on track for a fourth day of gains.
The Nasdaq 100 Index rose 1.2 per cent at the opening bell, while the Dow Jones Industrial Average climbed 0.3 per cent. BLOOMBERG
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