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June 7, 2018

Bank stocks lead the way

NEW YORK (AP) — U.S. stocks rallied for their fourth gain in a row Wednesday as banks climbed along with bond yields. On Wall Street there were signs investors were getting a bit less nervous about trade tensions.

Some of the biggest gains went to industries that have lagged the market in the last few months, including financial companies. Interest rates rose as bond prices in the U.S. and Europe fell. That can signal higher rates on mortgages and other consumer loans. Bank of America gained more than 3 percent.

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