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U.S. stocks surged Tuesday on growing optimistic about a potential end to the the Iran war.
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Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.
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Energy stocks have fared well as crude-oil prices have shot up, but one other industry group has also done well since the U.S. and Israel attacked Iran on Feb. 28.
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Nike reported quarterly results that were a bit better than Wall Street's expectations, but investors still didn't appear convinced of the sneaker giant's turnaround efforts.
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Nike Sales Miss in Middle East Region Sparks Investor Concern Bloomberg.comNike shares fall 9% on weak outlook, expected 20% sales decline in China CNBCNike Guides for Sales Declines Ahead as Turnaround Plan Hits Snags WSJNike expects more falling sales, as stock sinks amid worries turnaround is not working MarketWatch
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McCormick's stock was headed for its worst month since September 1980 after the spice maker announced terms of a $44.8 billion deal to combine with Unilever's foods business.
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Big questions still need answering after President Donald Trump and Chinese President Xi Jinping averted a trade war escalation at the G-20 meeting.
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