Stocks Rebound, Energy Stocks Hit
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. stocks rebounded today, boosted by easing Iran tensions and plummeting oil prices. The S&P 500 rose 0.72%, Nasdaq surged 1.16%, and the Dow edged up 0.48%. Semiconductors led the gains, with Intel announcing a stake buyback. Airlines also rebounded, while energy names like Occidental and Chevron fell. Nike plunged 15% on weak sales forecasts, but Eli Lilly soared after FDA approval of its obesity drug. Despite todays gains, the S&P remains 4% lower since January, with more market volatility expected due to headlines and inflation.
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