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Wall Street dips amid Iran and retail focus
Today, the Standard & Poor's 500 Index declined as investors awaited earnings reports from American retail companies. The market showed volatility amid fluctuations in oil prices and regional tensions with Iran. Oil prices rose by more than 2% due to concerns over global supply, boosting the energy sector with gains of 1%. Meanwhile, investors continue to watch for results from major companies like Home Depot and Walmart, amid weak temporary economic data, leading to a cautious tone and slight declines in major stock indexes. Tensions between technology stocks and the semiconductor sector persisted, with markets awaiting Nvidia's upcoming earnings report.
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