Retail sales beat predictions and corporate merger activity raised confidence in the economy, sending the S&P 500 to its biggest daily gain so far this year.
Investors expressed concern over valuations, sending the S&P 500 to its biggest daily loss since November.
The markets are fully feeling the impact of last Friday’s disappointing jobs data, as today the U.S. dollar dropped to a four-week low against Japan’s yen.
Progress towards a deal between Western nations and Iran meant to curb the latter country’s nuclear program caused crude oil to slip today.
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