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US500 and US30 Rally Fades on Iran Geopolitical Risks and Sticky PPI Data

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The Story

News Summary

  • Major indices pared early gains as markets balanced bargain hunting with geopolitical tensions in Iran and hotter-than-expected May producer price inflation.
  • While semiconductor stocks provided support, concerns over software valuations and aggressive AI spending, highlighted by Oracle's sharp decline, kept indices in a narrow, volatile range.
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US500 price history

7584.83 +11.34% over the displayed period

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