Stocks gain and oil slides on US/Iran diplomacy optimism - Newsquawk US Market Wrap

Iran-US negotiations in New York have moved into a more detailed technical phase; Senior Iranian official says Strait of Hormuz will remain closed, no nuclear talks with US until Iran's conditions are met; Better-than-expected US Durable Goods in August; JPY supported by Japanese jawboning; Fed's Schmid says US debt appears to be "extreme"; Hammack raises demand inflation concerns; COST earnings beat; Russian gas supplies have reportedly restarted to Armenia.
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