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The Economic Times
The Economic Times
Business

US stocks: US market drops as Trump’s rejection of Iran peace plan lifts oil prices

US market’s main indexes fell on Monday after President Donald Trump rejected an Iranian proposal to end the conflict, sending crude prices higher, reviving inflation concerns and pushing Treasury yields up, Reuters reported.

Nvidia offered some support to the broader market, rising 3.2% after the chipmaker authorised a $150 billion share repurchase—the largest buyback approval in its history.

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