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The S&P 500 financial index rose 0.43 percent, led by a 1.2 percent rise in Wells Fargo . The telecom services index was on track for its best day in two weeks, helped by gains in AT&T and Verizon . AT&T gave the biggest boost to the S&P 500, rising 1.3 percent after CEO Randall Stephenson told investors that the new streaming television service DirectTV Now has so far exceeded expectations.
By Alastair Macdonald and Philip Blenkinsop BRUSSELS (Reuters) - The European Union's chief negotiator set a target of agreeing a Brexit deal with Britain by October 2018, assuming London keeps a promise to formally launch the process of leaving the EU by the end of March. Michel Barnier, at a news conference on Tuesday, said the two-year deadline for final withdrawal fixed in Article 50 of the EU treaty meant there would be less than 18 months for actual negotiations. British Prime Minister Theresa May has said she will give formal notification of Britain's departure in March.