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Global stocks near five-year high, yen gains on Japan elections

July 22, 2013

The Standard & Poor's 500 stock index hit a record closing high for a third straight session. Data showing a surprise drop in U.S. existing-home sales in June also tempered the initial buying of equities and other risky assets. "I think we're stuck in a range and we're very much at the top of this range," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

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