US stocks rally on corporate news and US-Iran peace deal
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US stocks rallied driven by a US-Iran peace deal to reopen the Strait of Hormuz, boosting investor confidence and easing supply fears. Corporate news also fueled gains, with Ouster, Paranovus, and Tower Semiconductor surging on expansion and acquisition announcements. Meanwhile, Brent crude fell 4.5%, pressuring oil producers while highlighting energy stocks with strong valuations.
Source: MSN The copyright of this article belongs to the original author/organization.
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