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US stocks hit record highs after President Donald Trump signed the latest COVID-19 relief bill into law, ending the stand-off on the issue that had held up financial aid for Americans affected by the pandemic. The S&P 500, a barometer for the top 500 US stocks on the New York Stock Exchange, increased 0.9 per cent to close at 3,735, after setting an all-time high at 3,741.

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