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The S&P 500 finished nearly unchanged and edged down by less than 0.1%.
Brent crude oil prices for July delivery jumped 5.8% to $110.44 per barrel Wednesday.
KEY POINTS
- The Federal Reserve is holding off on interest rate cuts amid oil-driven inflation pressures.
- Traders have nearly eliminated bets on a Fed rate cut in 2026, now seeing a chance for a hike.
- Booking Holdings said the Iran conflict is reducing bookings and could impact travel through June.
COMPANIES
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