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US stocks: US market's indexes advance with boost from chips, Iran optimism - The Economic Times
U.S. stock indexes rose Thursday, led by semiconductor shares and easing inflation fears, despite anticipated Federal Reserve interest rate hikes. Intel surged to a record high after President Trump announced a deal for U.S.-based chip design and manufacturing. Oil prices slid as the U.S. and Iran extended an interim agreement, allowing for continued passage through the Strait of Hormuz.
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