U.S. stocks rose, extending gains after remarks from Iranian officials and President Trump suggested both countries were hoping to de-escalate tensions in the Middle East.

U.S. stocks rose Wednesday, extending gains after remarks from Iranian officials and President Trump suggested both countries were hoping to de-escalate tensions in the Middle East.

Tehran’s military response to the U.S.’s killing of a key Iranian general rattled markets overnight. But in the hours that followed, an initial selloff in stocks and rally in the bond and oil markets eased as investors reassessed the chances of a broader conflict.

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