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Oil, Earnings, and Market Pullback | Odessa News
Stocks paused their climb this week, dipping slightly across major indexes—but still posting weekly gains. The rollercoaster ride is fueled by rising oil prices tied to Iran tensions and mixed corporate earnings, with some winners like Warner Bros. Discovery and Molson Coors, and others like Honeywell and AppLovin falling short. Higher energy costs are squeezing households and businesses, nudging spending toward essentials. While the job market holds, a rise in unemployment claims hints at cooling growth. SpaceX’s stock surged after lockup expiration, rewarding early investors after a…
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