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Crude oil prices edged higher after tumbling on Thursday, when U.S. West Texas intermediate slid back below $110 per barrel after topping as much as $130 a barrel in recent sessions. Still, gas prices at the pump rose to fresh highs. For tech stocks, āthe main thing is yields,ā Essaye said. In 2018, Russia banned Telegram although it reversed the prohibition two years later. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. āWe have a ton of uncertainty right now,ā said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. āWeāre dealing with a war, weāre dealing with inflation. We donāt know what it means to earnings.ā Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields.
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