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Markets Rally Amid Oil and Fed Shift
Description
Wall Street bounced back Thursday with the S&P 500 up 1.1%, Nasdaq soaring 1.9%, and the Dow gaining 0.1%—a solid recovery from prior jitters. Oil prices wobbled after U.S.-Iran talks reopened a key shipping lane, sending energy markets into overdrive. Treasury yields dipped slightly, easing concerns about another Fed rate hike amid inflation worries. With markets closed Friday for Juneteenth, Thursday’s gains were a last-minute rally before the holiday pause. Global events kept investors on edge—and the market’s never quiet for long.
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