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War anxiety continued to deliver wild up and down swings on Wall Street, but this time it finally ended with wins. Despite a mixed close Thursday, the major indices all snapped the five-week losing streaks.
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the very latest news on the conflict, and the impacts, updates can be found here.
The pain of rising oil prices started at the gas pump, but much worse impacts may be nearing. Analysts now warn that if oil continues climbing, a pricing level could be reached that triggers a U.S. recession.
Every new week on Wall Street is usually a mystery as far as how it will eventually play out. Since the war started, however, the mystery has fallen into a rut with the same pattern playing out over and over.
The rollercoaster ride in the labor sector isn't letting up. Just one month after the massive job losses in February, hirings in March blew past expectations, while the unemployment rate ticked back to 4.3%.
The incoming week will remain focused on the war with Iran, but new economic reports are also due out. Topping the list are the PCE and CPI inflation reads, plus April's first consumer sentiment survey.
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