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August 4, 2026
NEW YORK — The U.S. stock market rallied to the edge of its all-time high on Monday after easing oil prices helped calm Wall Street's worries that inflation could get even worse.
The S&P 500 jumped 1.5% and is just 0.1% below its record set earlier this summer. It was coming off a frenetic July, where it swung up and down as oil prices shot higher because of the war with Iran, before ultimately ending the month just about where it started.
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