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Wall St rises as oil slide offers respite after Fed rate hike
The major US stock indexes jumped on Thursday as retreating oil prices improved market sentiment, with the Federal Reserve’s first interest-rate hike under Chair Kevin Warsh underscoring the central bank’s commitment to managing inflation. The policy decision, which addressed a chronic source of unease,prompted investors to return to favored sectors. Technology shares rose, with Nvidia and Amazon adding more than 2% each. The gains will be crucial in the second half of September, historically a weak month for equities, with the benchmark S&P 500 losing 1.7% so far this month. “For equities...
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