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Investors digested increasing signs of escalation of the U.S.-Israeli war in Iran, which has led to a blockage of critical energy supplies.
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The S&P 500 is down 7.4% since the Iran conflict began — worse than the median 6.1% decline during previous geopolitical shocks.
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S&P 500 falls alongside tech as oil continues march higher: Live updates CNBCStock market today: Dow rises, S&P 500, Nasdaq slips as war uncertainty drives oil prices higher Yahoo FinanceUS stocks swing as oil prices keep climbing AP NewsWall Street rebounds after recent selloff with Mideast conflict in focus Reuters
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Ackman's bullish stance comes at a time when markets have been rattled by rising energy prices and sticky inflation concerns.
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Analysts like the strong multiyear growth potential that chip-equipment companies may hold.
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Cybersecurity stocks tumbled Friday morning on the news of a new Anthropic model, but analysts argue that AI will ultimately be a tailwind for the sector
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