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Oil Drops, Stocks Rise Amid Global Tensions | Global News
Published 2 weeks, 3 days ago
Description
Oil prices plunged 3.6%, lifting stocks and calming markets despite rising U.S.-Iran tensions, as Pakistan and Iran signaled progress on reopening the Strait of Hormuz. Nvidia surged ahead of its earnings, while Dick’s Sporting Goods plummeted after a brutal report. The S&P nudged toward record highs, but consumer confidence dipped — hinting that market relief may not yet translate to everyday wallets.
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