US stocks fall as Hormuz standoff drives oil higher
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US stocks fell as a standoff at Hormuz drove oil prices higher, with Brent reaching $103. A record-breaking rally in the S&P 500 paused as traders also reviewed earnings.
US stocks fell as a standoff at Hormuz drove oil prices higher. Brent reached $103. The S&P 500's record-breaking rally paused. Traders also reviewed earnings. The standoff and oil price surge impacted the market. The S&P 500's momentum was halted.
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