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May 10, 2018

Stocks rise as oil surges

NEW YORK (AP) — Technology companies and banks helped power U.S. stocks to solid gains Wednesday, improving on the market's flat finish a day earlier.

Energy stocks led the gainers after the price of crude oil climbed back above $70 a barrel a day after the U.S. moved to withdraw from a nuclear accord with Iran. Gains in industrial and materials companies outweighed losses in safe-play sectors such as utilities and phone companies.


 
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