Economic TimesLean R·
US stocks: US market rises as oil retreats; SpaceX spectrum deal hammers telecoms
Wall Street opened on a positive note this Friday as oil prices dipped, easing worries over Middle Eastern supply issues. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite each experienced a rise at the open. Nonetheless, the telecom industry faced headwinds following SpaceX's spectrum purchase, sparking competitive anxiety among its players, showcasing the market's mixed responses to sector-specific events.
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