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Iran Deal Hope Fuels Market Surge
Description
Stocks surged to new highs as optimism grew over a potential Iran deal that could ease oil supply and tame inflation, while Treasury yields dipped and oil prices saw mixed moves after February’s regional tensions. Big tech led the charge, with Micron Technology soaring over 20% and hitting a trillion-dollar valuation, fueled by strong memory chip demand — offsetting AutoZone’s disappointing earnings. Despite shaky consumer sentiment, U.S. corporate profits remain resilient, keeping the market on an upward trajectory amid global uncertainty.
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