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Markets Cool as Oil Rises and Earnings Mixed | US News
Wall Street cooled slightly Thursday as the S&P 500, Dow, and Nasdaq all dipped, amid rising oil prices and higher Treasury yields. Earnings season continues, with winners like Warner Bros. Discovery and Molson Coors, but losers too — Honeywell Aerospace tumbled 21% and AppLovin fell over 18%. SpaceX rose 1.5% after a lockup expired. Rising oil costs fuel inflation fears, squeezing consumers and businesses alike, while the economy grew just 1.5% in Q2. With energy and shipping costs climbing, households may cut back on non-essentials — a trend that could slow growth and influence the Fed’s…
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