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AAP
AAP
Business
CHAN HO-HIM (AP Business Writer)

World shares surge and oil prices slip over 4% after Trump claims a breakthrough in Iran war talks

Donald Trump Iran Oil ING United States Wall Street

HONG KONG (AP) — World shares advanced on Friday, tracking big Wall Street gains, while oil prices slipped after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war.

The future for the S&P 500 was 0.2% lower while that for the Dow Jones Industrial Average was nearly unchanged.

Investors in the U.S. and elsewhere were awaiting the debut Friday on Wall Street of SpaceX, Elon Musk's rocket company, which is set to become the largest IPO on record, raising around $75 billion.

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