S&P 500 REACHES RECORD HIGHS AS OIL PRICES EASE
The S&P 500 index traded near all-time highs as hopes for a deal to revive the Strait of Hormuz reduced upward pressure on oil prices. Bond prices also rose during the session.
Short sellers have not yet fully withdrawn their positions, according to analysis from Citi, which suggested further gains for equities may follow as bearish positioning remains in place.
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