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Dow Jones Gains on US-Iran Talks Outlook
U.S. stock indices rose, with the Dow Jones Industrial Average gaining about 261 points (0.4%) amid hopes of restarting negotiations between the United States and Iran. This came after reports that Pakistan was considering a initiative to launch new peace talks brokered by China, although significant obstacles remain. Concurrently, oil prices declined, with Brent crude and U.S. crude futures dropping by 4% to approximately $95 and $88 per barrel, respectively, amid anticipation of possible escalation in the Middle East and reports of a potential broad attack on Iran by U.S. President Donald Trump. Despite the tensions, shares of some tech companies decreased, but chip companies are still expected to benefit from profit growth forecasts for 2026 and 2027.
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