US Equity Markets Mixed Amid Volatility, Crude Oil Price Rebound
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US equity markets showed mixed results amid volatility, with crude oil prices rebounding after earlier declines. Existing home sales rose 1.7% to an annual rate of 4.09 million units, surpassing expectations. Vertex Pharmaceuticals saw an 8.5% increase in shares following positive trial results for its kidney disease treatment. In contrast, Centene Corporation's shares fell 16% due to anticipated challenges in the Affordable Care Act marketplace, as noted by CEO Sarah London at a healthcare conference.
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