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All three major US stock indexes gained ground after rebounding from an earlier dip as Israel sought talks with Lebanon.
US stocks rebounded as Israel initiated talks with Lebanon to resolve the Middle East conflict.
KEY POINTS
- The S&P 500 moved back above its 100-day and 200-day moving averages in two sessions.
- Iran has not yet reopened the Strait of Hormuz, keeping crude prices volatile but below $100 per barrel.
- Federal Reserve minutes reveal policymakers are considering rate hikes due to inflation risks from the Iran war.
- Amazon's AI cloud services now generate over $15 billion in annualized revenue, boosting its stock.
COMPANIES
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