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Oil prices jumped and stocks plunged after Iran and Israel exchanged strikes, raising doubts about the future of fragile cease-fire in the Middle East.
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Improving earnings and economic backdrop support stocks, says Morgan Stanley's Wilson.
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The S&P 500 has erased all war-related losses in another V-shaped recovery.
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Oil Surges After Hostilities Between Iran and Israel Escalate The New York TimesAsia's stock markets dive amid Iran-Israel conflict, Wall Street jitters Al JazeeraTumbling tech darlings slam brakes on AI rally ReutersUS Stock Futures Drop After Tech Selloff, Oil Up: Markets Wrap Bloomberg.com
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