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Wall Street erases a big loss and closes higher as oil prices fall after surging near $120 a barrel

NEW YORK (AP) — The U. S. stock market careened through a manic Monday, going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long. Oil prices whipped from nearly $120 per barrel, their highest since 2022, back toward $90. The S&P 500 fell as much as 1. 5% before flipping to a gain of 0. 8%. The Dow Jones Industrial Average rose 239 points, and the Nasdaq composite climbed 1. 4%. They’re the latest hour-to-hour swings to pummel A...

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