NEW YORK (AP) — U.S. stocks rose to the cusp of their records on Thursday, as oil prices jumped after President Donald Trump announced “massive” new sanctions on Russia’s crude industry.

The S&P 500 climbed 0.6% and crept back within 0.2% of its all-time high set earlier this month. The Dow Jones Industrial Average added 144 points, or 0.3%, and finished just below its own record set earlier this week, while the Nasdaq composite rose 0.9%.

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