Dow Jones gains as oil drops and sectors shift

The U.S. stock markets rallied, with the Dow Jones Industrial Average rising by about 624 points (1.2%), boosted by strong performances from companies such as Sherwin-Williams and Coca-Cola. Oil prices declined following discussions between Iran and Saudi Arabia regarding the Strait of Hormuz, which contributed to investors shifting from tech stocks to traditional sectors. The market remains cautious as attention turns to the Federal Reserve’s decision on interest rates and preparations for major tech companies' earnings reports.

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