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Tech and Energy sectors in the S&P 500 have rarely tracked together over the past few months, with headlines related to Middle East tensions driving up inflation fears.
Energy and Tech were the top-performing S&P 500 sectors despite Middle East tensions.
KEY POINTS
- Utilities have been the worst performing sector since the U.S.-Iran war began in March.
- WTI crude oil remains above $91 per barrel despite Trump's promise to end the Iran war soon.
- Applied Digital shares rose 8.4% after announcing a new long-term lease at Delta Forge 2.
- Metals prices continue to drop, with gold at $4,350 and silver well below $70 per ounce.
COMPANIES
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