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Markets Rally as Oil Drops and Fed Signals
Published 2 days ago
Description
Wall Street bounced back with gains across major indexes as traders brace for potential Fed rate hikes to fight inflation. Crude oil prices fell on hopeful news of a U.S.-Iran deal easing shipping tensions, lifting travel stocks. Intel surged on domestic chip manufacturing news, while SpaceX continued its rocky debut. Treasury yields dipped, and global markets mixed—Europe down, Asia up on AI momentum and recovery hopes.
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