Oil prices surge 3% as Middle East tensions disrupt shipping routes, fueling inflation fears and pressuring the Fed to possibly hike rates again. The S&P 500 dips slightly while the Dow climbs, but corporate earnings offer some relief—Philip Morris, AT&T, and Super Micro Computer all rally on strong results, while GE Vernova falls short. Investors eye AI giants like Alphabet for signs of profit from massive tech bets.
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