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The S&P 500 dropped 0.2% shortly after the opening bell, while the Nasdaq Composite hovered around the flatline.
Iran has halted tanker traffic again due to continued Israeli strikes, threatening oil supply stability.
KEY POINTS
- West Texas Intermediate crude rose about 5% to above $99 per barrel, reversing previous declines.
- The US PCE price index rose 0.4% in February, with annual inflation at 2.8%.
- Core PCE, the Fed's preferred inflation gauge, increased 0.4% monthly and eased to 3% annually.
COMPANIES
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