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Wall Street Sees Weekly Gains Amid Earnings Expectations
The main stock indices on Wall Street closed the week on an upward note, as the earnings season for the third quarter approaches and inflation data anticipation continues, which could influence the Federal Reserve's monetary policy decisions. The three indices posted weekly gains, despite a decline in the Russell 2000 small-cap index. Market experts attribute the fluctuations in sentiment to escalating tensions regarding Iran, with oil prices notably pausing as Trump announced that the United States has no intention of launching attacks on Iran before the elections, leading to a 0.4% increase in oil prices. Additionally, US Treasury yields saw a slight rise, amid expectations of major earnings reports from companies like JPMorgan and Goldman Sachs in the coming week.
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