Wall Street rallies on economic data, crude falls as stockpiles jump

Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – U.S. stocks closed sharply higher and Treasury yields hit a two-week high on Wednesday, as strong economic data, upbeat business guidance and an easing of geopolitical concerns propelled investors’ appetite for risk. Crude futures for the previous month fell after a report that US crude and gasoline stockpiles unexpectedly …

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