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Wall Street Falls on Tech Decline
Wall Street indices declined today due to losses in technology stocks, despite reports suggesting possible de-escalation in the Middle East between Iran and the United States. Sources indicated that the U.S. and Iran are nearing an agreement, while Iran and Oman are conducting discussions about shipping movements through the Strait of Hormuz. Strong earnings reports in the energy and financial sectors led to rises in some indices, despite a decline in Alphabet's shares and a negative impact on the Nasdaq. Markets are also awaiting upcoming inflation data, which will determine the Federal Reserve's monetary policy path, amid concerns over rising energy costs and their effect on inflation.
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