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Wall St. Slips After Rally As U.S.-Iran Tensions Escalate

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According to Reuters, U.S. stocks dipped on Friday as escalating tensions between the United States and Iran halted this week’s run that lifted the S&P 500 to a record high. The Federal Reserve has indicated an interest rate cut may come as early as July, sparking a rally in stocks that helped the S&P 500 index close at a new record of 2,954.18 on Thursday. Trade-sensitive industrials rose 0.1%, while the technology sector traded 0.1% higher.

Added on the 21/06/2019 13:12:21 - Copyright : Wochit

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