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Nasdaq surges as war fears unwinds ...Middle East
The rout in the Nasdaq late last week is unwinding as the market gets a (somewhat) clearer view on the Middle East.Israel started its ground offensive late on Friday and it didn't trigger the opening of a second front, at least not yet. It also appears that the US isn't backing a broader fight that could spill over to Iran.Of course, that's all extremely fluid and some of the comments from Turkey are worrisome but for now, the market is breathing something of a sigh of relief.Mixed in with that are likely some month-end flows and dip buying on softer eurozone inflation.The Nasdaq is leading the way with a 1.5% rally today on strength from Meta (+3.4%) as it tries to roll out ad-free subscrip
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