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The Nexus
BUSINESSJun 1 · 15:53 UTCAP NEWS

Oil prices rise, but not by enough to drag Wall Street far off its records

Oil prices rose amid U.S.-Iran ceasefire tensions but Wall Street remained stable, with the S&P 500 near record highs and the Dow Jones down slightly. Companies with high fuel costs like United Airlines and Carnival fell, while Nvidia's stock surged due to AI advancements. Investors hope for a resolution to reopen the Strait of Hormuz and ease inflationary pressures.

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