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Stock market on June 17: S&P 500 and Nasdaq show diverging dynamics
US equity indices closed mixed yesterday.
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US equity indices closed mixed yesterday. The S&P 500 fell 0.57%, the Nasdaq 100 dropped 1.15%, and the Dow Jones Industrial Average gained 0.64%. The bond market rallied, as did gold, while oil fell for a fourth consecutive day. Brent has already slid below $79 a barrel, losing about 15% over four trading sessions. The logic behind market moves is simple: if oil remains below $80, the inflationary shock from the Strait of Hormuz closure will begin to dissipate quickly. In May,
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Jakub Novak,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Pavel Vlasov
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