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Tech Stocks Soar, Oil Crashes on Iran-Hormuz Deal Optimism

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

News Summary

  • US equities rallied sharply as tech and semiconductor stocks surged on strong earnings, led by Palantir's 29% jump.
  • Crude oil plunged over 5% on optimism that Iran-Oman talks could reopen the Strait of Hormuz, easing supply fears.
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