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Market gets geopolitical boost
Rumors of a US–Iran deal sent
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Rumors of a US–Iran deal sent US stock indices higher. The Dow Jones and the Philadelphia Semiconductor Index hit record highs, and the S&P 500 closed in within arm's reach. Investors see the end of the Middle East conflict as evidence that the US economy will be stronger. Combined with the ongoing frenzy around SpaceX shares and a lower probability of Fed tightening, this has turned the traffic light green for an equity rally. JP Morgan believes that falling oil prices
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Marek Petkovich,
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