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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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"We have to get a better sense of whether this conflict is over or just paused," one analyst said.
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Delta had better-than-expected earnings reported after the Iran cease-fire was announced.
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Falling interest rates and oil prices, which could put more money into the pockets of potential home buyers, provide some hope for a turnaround.
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