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Market Moves Amid Middle East Tensions | Canada News
Description
Stocks edged higher amid global tension as U.S. airstrikes on Iran sparked retaliatory strikes against U.S. allies, while oil prices dipped slightly after a prior spike — raising fears of Strait of Hormuz blockades and inflation. Gas prices rebounded, climbing to $3.85 a gallon — up 68 cents from last year. Tech rallied, especially AI-focused chipmakers like Micron, which surged 7.3% after announcing a $3B U.S. semiconductor investment. Wall Street eyes major bank earnings next week to gauge if recent stock surges are backed by real growth.
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