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Iran says Oman deal is in 'final stages' but US must act to open Hormuz ReutersIran, Holding Firm to Hormuz, Pushes for Return to June MOU The New York TimesIran denies any direct talks with U.S. on opening Strait of Hormuz as Houthis claim attack on Saudi refinery CNBCIran Sees an Opening to Kick the U.S. Out of the Gulf WSJ
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Canadian government steps in as ‘out of control' wildfires force thousands to flee theguardian.comResidents warned to brace for the worst as Canada wildfire rages out of control BBCWildfires force 20,000 to flee as British Columbia declares state of emergency YahooA fast-moving wildfire forces more than 20,000 people to evacuate in western Canada CNN‘Like a Bomb Going Off': Wildfire Forces Evacuation of 20,000 People in Canada The New York Times
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Taylor Farms Voluntarily Recalls Fresh Jalapeños Over Salmonella Concerns The New York TimesTaylor Farms recalls salsa and guacamole over salmonella risk Reuters18 prepared foods under alert as jalapeño Salmonella outbreak sickens 345 foxbusiness.com
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Israel rejects Trump's Gaza plan, more details emerge on the Strait of Hormuz and other Mideast news AP NewsIsrael Rejects Trump's 15-Point Plan to Disarm Hamas The New York TimesIsrael rejects Trump's Gaza plan, more details emerge on the Strait of Hormuz and other Mideast news The Hill
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U.S. stock-index futures were little changed on Sunday, after new demands from Iran raised fresh doubts about the Strait of Hormuz reopening anytime soon and as investors await key inflation data later this week.
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Obama and El-Sayed Discuss Unity After Ugly Michigan Primary The New York TimesTrump and the GOP have a new bogeyman PoliticoAbdul El-Sayed embraces Trump claim he represents ‘very different' America The GuardianAfter bitter primary, El-Sayed faces daunting task of unifying Democrats The Washington Post
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Alexandria Ocasio-Cortez freezing her eggs and hasn't 'ruled out' presidential run BBCOcasio-Cortez Says She Is Freezing Her Eggs and Still Mulling a Presidential Run The New York TimesAlexandria Ocasio-Cortez announces decision to freeze her eggs The GuardianAlexandria Ocasio-Cortez says she's freezing her eggs The Washington PostAOC documents egg-freezing journey, takes aim at Trump admin over women's reproductive choices Fox News
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Fast-moving wildfire in western Canada forces more than 20,000 people to evacuate CBS NewsWildfires burning in British Columbia force 20,000 to evacuate NBC NewsWildfires burn across western U.S. and Canada as residents are evacuated TribLIVE.comResidents warned to brace for the worst as Canada wildfire rages out of control BBC‘Like a Bomb Going Off': Wildfire Forces Evacuation of 20,000 People in Canada The New York Times
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Netanyahu rejects Trump-backed Gaza plan for Hamas disarmament, Israeli withdrawal The Washington PostNetanyahu calculates upsetting Trump is his least-bad option CNNIsrael Rejects Trump's 15-Point Plan to Disarm Hamas The New York TimesNetanyahu says Trump's new Gaza plan is unacceptable CNBC
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Oil Extends Gains as Hormuz Deal Remains Elusive: Markets Wrap Bloomberg.comIran, Holding Firm to Hormuz, Pushes for Return to June MOU The New York TimesOil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal CNBCIran says Oman deal is in 'final stages' but US must act to open Hormuz Reuters
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Stocks continued their push higher Friday, with today's gains helping the major market indexes snap a three-week losing streak.
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There was nothing particularly new today to boost investor sentiment. Both the economic and earnings calendars were thin. And early afternoon speeches from Kansas City Fed President Esther George and Fed Governor Christopher Waller echoed the hawkish tone struck by central bank officials in recent weeks. It could just be that Wall Street has come to terms with the fact that the Fed will almost certainly issue a third-straight 75 basis point rate increase at its policy meeting later this month. Or perhaps investors are simply taking advantage of bargains from the late-August selloff.
Whatever the reason, today's rally was broad-based, with all 11 sectors finishing higher. Leading the pack was communication services, which jumped 2.8% on strong gains for components Meta Platforms (META, 4.4%) and Netflix (NFLX, 2.7%). Energy ( 2.5%) also outperformed as U.S. crude futures bounced 3.9% to $86.79 per barrel.
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As for the major indexes, the Nasdaq Composite's 2.1% rally to 12,112 outpaced its peers. Still, the S&P 500 Index ( 1.5% to 4,067) and the
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