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Wall Street Bets on Two Fragile Rebounds
Episode 849
Published 3 months ago
Description
Wall Street entered Tuesday with two reasons for optimism, neither especially sturdy. Semiconductor stocks were extending their recovery from a brutal selloff, while mediators were trying to revive a ceasefire between the United States and Iran. The Nasdaq was set to benefit most from that combination, though oil's return to around $90 a barrel suggested that investors were hardly convinced the Middle East crisis was easing.
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