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Home›Commodities›Energy›Stocks extend gains as investors shake off concerns

Stocks extend gains as investors shake off concerns

Reported · Written up by our desk · Energy

Investors pushed equities into fresh record territory as worries eased, according to NYT Business.

The broader risk-on tone came as oil prices fell sharply, with the decline tied to hopes that talks were progressing around reopening the Strait of Hormuz.

While investors appeared to look past other concerns, the drop in crude underscored how market sentiment was shifting in response to energy-market developments.

Latest closeWTI crude $80.00 ▼5.5%

← Newer storyGold rises as oil falls and US yields dip on Iran deal hopes

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Sources

NYT BusinessStocks in Record Territory as Investors Shake Off Worries

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