Wall Street nears records as US stocks catch up to global gains

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NEW YORK — The U.S. stock market is ticking toward records Tuesday as it catches up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war. The S&P 500 rose 0.4 percent after trading resumed following Monday’s holiday. The Dow Jones Industrial Average was down 111 points, or 0.2 percent, as of noon Eastern time, and the Nasdaq composite was 0.8 percent higher. All three indexes are near all-time highs . The indexes pared gains from earlier in the morning as fighting continued in the region , and the U.S. military said it carried out “self-defense” strikes in southern Iran, including on missile launch sites and boats placing mines. Markets have rallied in the past on hopes for a coming end to the war with Iran, only to see the conflict drag on. The price for a barrel of Brent crude, the international standard, rose 4.1 percent to $100.10, but that reclaimed only some of its 7.1 percent plunge from Monday. The price for a barrel of U.S crude oil, meanwhile, fell 2.8 perce
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