Wall Street has bounced back on Wednesday after a bruising start to the week for technology stocks, with the Dow Jones, the S&P 500 and the Nasdaq all moving higher.
The recovery comes as oil prices have tumbled to their lowest levels since the start of the US-Iran war, with Brent crude falling around four per cent to roughly 73 dollars a barrel as tankers begin navigating the Strait of Hormuz once more.
The drop in crude is welcome news for consumers but has dragged down shares in major energy firms.
Mitch Mccann reports from New York.
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Mitch Mccann in New York says investors are also watching for the results of the Federal Reserve's annual stress test of major American banks, due out on Wednesday afternoon.
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Mitch Mccann in New York says Nvidia shareholders meeting on Wednesday will be watching closely for any signs of supply chain trouble with the company's flagship Blackwell chip platform.
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