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US stocks climb amid falling oil prices
U.S. stocks rose today as oil prices declined and Treasury yields increased, amidst ongoing tensions in the Middle East and their impact on the markets. The S&P 500 index gained 0.4%, and the Nasdaq rose 0.5%, while the Dow Jones Industrial Average increased approximately 0.7%, supported by gains in technology stocks and talks of re-opening the Strait of Hormuz. Yields on 10- and 30-year bonds rose noticeably, driven by hawkish statements from the Federal Reserve and market volatility in energy prices, with the probabilities of a rate hike in October reaching 66%. Despite the tensions, the market showed resilience, with indices staying close to their recent highs.
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