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Dow Opens at Record High as Stocks Start August in the Green

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The stock market kicked off August with gains, extending its July-end rise.

The Dow Jones Industrial Average opened at a record high, up 1.2%, or 637 points. The S&P 500 climbed 0.6%, while the tech-heavy Nasdaq Composite rose 0.8%.

Stocks got a boost after President Donald Trump said he would call off an attack on Iran to restart negotiations. Iran’s foreign ministry denied talks were happening. Oil prices fell on Trump’s comments, with Brent futures around $83 per barrel and WTI futures below $80 per barrel.

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