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Investors focused on vaccine hopes, oil climbed on OPEC+ decision - 16.07.2020

U.S. stock indexes closed higher on Tuesday despite mixed corporate earnings, deteriorating U.S.-China relations, and efforts by some U.S. states to close down businesses again with coronavirus cases rising. Investors were inspired by comments from Federal Reserve’s Brainard who called for sustained large-scale asset purchases by the U.S. central bank to help the economy rebound amid the uncertainty brought on by the pandemic.