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Magnificent Seven lift S&P 500 back to record territory
MarketWatch reports the S&P 500 has returned to record territory as the “Magnificent Seven” staged a comeback after a period when the index traded sideways for much of the past year.
The outlet attributes the shift to renewed momentum in a bull market that had been threatened by rising bond yields and stubbornly high crude-oil prices.
Latest closeWTI crude $89.70 ▼1.6%|S&P 500 7,773.95 ▲0.7%
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