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US stocks rise amid profit focus
U.S. stock indices closed higher on Tuesday, supported by corporate earnings results and an improvement in the semiconductor sector. Earnings of 88% of the companies listed in the S&P 500 exceeded expectations, while shares of companies such as Marvel, Taysira, and Micro Technologies rose by up to 12%. This comes amid escalating tensions between the United States and Iran, as American forces carried out strikes on Iranian sites and warned of the possibility of a 10-day ceasefire. Meanwhile, oil prices increased significantly by approximately 2%.
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