Week's Business - U.S. Keeps Pace in Market Rally Fueled From Afar

Summary

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NEW YORK - Across the world's economic capitals, from Shanghai to New York, stock markets are trading at record high levels as investors scarf up equities with an enthusiasm not seen since the late 1990s.

The run on stocks has been anchored by a streak of takeover deals, thriving corporate earnings and an unprecedented amount of share buybacks - a very different scenario from the frenzied buying of tech stocks a decade ago. Investors also are buying because there's plenty of available capital thanks to relatively low interest rates and inflation levels that remain largely in check.

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Extract

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Week's Business - U.S. Keeps Pace in Market Rally Fueled From Afar

But there's a twist: The U.S., once the leader in the global stock market, has bowed to catalysts abroad that are sustaining the bull run.

"I definitely think overseas markets have been a big pa...

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