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Wall Street Rises as Oil Slips and Telecoms Fall

US stock indexes advanced as easing Middle East supply concerns pushed oil prices lower. Meanwhile, telecom shares dropped following a major spectrum acquisition by SpaceX.

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2026. REUTERS/Jeenah Moon

United States stock indexes climbed on Friday morning as Brent Crude Oil retreated 1% to trade over $100 per barrel. The advance followed comments from President Donald Trump easing geopolitical supply concerns involving Iran ahead of midterm elections.
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