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Oil Spikes 3.8% on Hormuz Fears as US Stocks Slide, Jobs Data Looms

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US stocks fell as Middle East tensions over the Strait of Hormuz sent oil prices surging over 3%.
  • Investors await Friday's jobs report for Fed rate cues.
  • Chipmakers like AVGO and AMD gained, while GOOGL dipped on debt-raise plans.
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