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After seesawing between diplomacy and threats, the president may find it harder to knock down prices by suggesting pauses in attacks or progress in talks.
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Live updates: Iran war news; US forces rescue missing F-15 crew member, Trump says cnn.comTwo Planes Destroyed by U.S. During Rescue Operation WSJInside the mission to recover a downed American airman cnn.comAfter Daring U.S. Rescue of Airman, Iran Claims a Victory The New York Times
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Trump unleashes curse-filled social media rant at Iran after U.S. rescues colonel NPRIran War Live Updates: Trump Escalates Threats in Truth Social Post After U.S. Rescues Downed Airman The New York TimesTrump's expletive-laced Easter message to Iran: Open the strait or ‘you'll be living in Hell' MS NOWIran war live: Trump vows to hit power plants, bridges over Hormuz closure Al Jazeera
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U.S. rescues missing airman from Iranian mountains after fighter jet was shot down The Washington PostInside the mission to recover a downed American airman CNN‘They got lucky': Trump says Iran shot down the F-15 with a shoulder-fired missile The Times of IsraelTwo Planes Destroyed by U.S. During Rescue Operation WSJ
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Michigan blows out Arizona and UConn outlasts Illinois in the Final Four to set up an epic national title showdown CNNMichigan demolishes Arizona in historic beatdown between 1-seeds ESPNMichigan routs Arizona to advance to men's national championship, will take on UConn Fox NewsFinal Four scores, results: Michigan
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United is overhauling its fare classes, offering cheaper business class and premium economy fares that are more restrictive.
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Stocks closed higher Wednesday as bargain hunters swooped in following a lengthy stretch of losses for the major indexes.
Today's positive price action came as the 10-year Treasury yield eased back from yesterday's two-month high, finishing down 6.7 basis points at 3.273%. A basis point is one-one hundredth of a percentage point.
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And the buying persisted even after Federal Reserve Vice Chair Lael Brainard said in an early afternoon speech that the central bank is "in this for as long as it takes to get inflation down." The Fed will meet later this month, with the market largely pricing in the probability of a third straight 75 basis-point rate hike.
Nearly all sectors finished higher, with utilities ( 3.1%) and consumer discretionary stocks ( 3.1%) leading the charge. The one outlier was energy, which slumped 1.2% as U.S. crude futures tumbled 5.7% to $81.94 per barrel - their lowest close since Jan. 11, according to Dow Jones Market Data - amid expectations of slowing global economic growth. "Oil's breakdown today is a bigger shot across the bow, pointing to further struggles ahead in our opinion," says Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott. "We believe the commodity can break below $80 from here, targeting the mid-$70s range in the weeks ahead."
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As for the major indexes, the Nasdaq Composite jumped 2.1% to 11,791 - snapping its seven-day losing streak, its longest one since 2016. The S&P 5
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