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Markets React as Iran Tensions Ease | Lubbock News
Description
Wall Street traded choppy yesterday as the S&P 500 and Nasdaq dipped while the Dow edged up, amid easing U.S.-Iran tensions that may restart talks — a development that’s already eased shipping disruptions through the Strait of Hormuz, helping stabilize gas prices and reduce costs for businesses. Europe and Asia rallied, bonds fell, and big tech drove the action — Nvidia and Micron lagged while Microsoft and Apple surged, highlighting their market power. Ahead: a pivotal week with consumer confidence, inflation, and a Fed rate decision looming — all while earnings reports pile up, offering a clearer view of the economy’s health amid stubborn inflation and rising fuel costs.
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