October 17, 2024

Stock Market News: Dow Rebounds to Record

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“The recent pullback in crude reflects a somewhat short-sighted view of ongoing geopolitical risks, as the potential for further retaliatory actions in the Middle East remains high,” says Rebecca Babin, senior energy trader at CIBC Private Wealth US. “While Israel may avoid targeting energy infrastructure for now, the persistent tensions could still provoke an Iranian response, continuing the cycle of uncertainty in the region.”

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