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Stocks extend relief rally on hopes that U.S.-Iran ceasefire will stick, Dow turns positive for 2026 CNBCStock Market Today: Dow Gains; Oil Rebounds After Iran Cease-Fire Gets Off to Shaky Start — Live Updates WSJStock market today: Dow, S&P 500, Nasdaq stage comeback after Israel agrees to talks with Lebanon Yahoo FinanceWall Street ends higher as Middle East peace talks lift sentiment Reuters
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Market timers are too bullish about the outcome of the war — and May marks the start of the worst six-month stretch for markets historically.
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While institutional investors drove Wednesday's rally, retail investors took it as an opportunity to cash out.
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Most stock investors have lost money during the Iran war, but returns have been splendid for the year since the "Liberation Day" tariff announcement.
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The cease-fire agreement between the U.S. and Iran triggered a relief rally in shares of travel and retail giants Wednesday, on hopes that a break from surging fuel prices would help businesses manage costs and calm anxious consumers.
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