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Wall Street's major indexes dropped following reports of a U.S. warship incident near the Strait of Hormuz.
Reports of a U.S. warship incident near Hormuz caused immediate drops in major Wall Street indexes.
KEY POINTS
- Tehran claimed responsibility for the incident, but the U.S. officially denied it occurred.
- The UAE intercepted several missiles reportedly launched from Iran, intensifying market concerns.
- Amazon's logistics expansion led to declines in FedEx and UPS shares amidst Berkshire's selling streak.
COMPANIES
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