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US stocks increase after Trump cancels Iran strikes
The U.S. stock markets rose on Monday after President Donald Trump canceled planned strikes against Iran, leading to a significant drop in oil prices. The Dow Jones Industrial Average increased by 1.2%, the S&P 500 by 0.8%, and the Nasdaq by 1%. Oil prices fell by about 6-7%, and U.S. Treasury bond yields declined slightly amid expectations that upcoming employment data will show approximately 87,500 jobs added in July. Meanwhile, European markets gained, while Asian markets showed mixed performances.
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