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Tech Stocks Surge to Record Highs as Fed Rate Hike Bets Fade

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

News Summary

  • Soft U.S.
  • PPI data cooled Fed rate hike bets, lifting tech stocks and pushing S&P 500 to a record high.
  • Oil fell on rising inventories and weaker demand outlook despite U.S.-Iran tensions.
  • Dollar weakened, gold and bonds gained.
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BRENT price history

108.07 +66.47% over the displayed period

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