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FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer)

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US stocks gain ground; pound rallies after UK tax retreat
October 3, 2022 9 a.m.

US stocks gain ground; pound rallies after UK tax retreat

U.S. stocks rose broadly and Treasury yields eased off their multiyear highs as Wall Street leaves behind the worst month since the virus pandemic crashed global markets. The S&P 500 rose 1.8% in morning trading on Monday.