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Macro US Stocks

Oil Jumps, US Stock Futures Fall After Trump Says No Need for Iran Deal

Brent crude rose $1.21 a barrel to $93.28 within five minutes and WTI gained $1.20 to $86.89, while Nasdaq 100 futures fell 1.4%, S&P 500 futures 0.7% and Dow futures 0.2%. US Treasuries dropped to session lows after President Trump said the US does not need a deal with Iran. The moves came as oil rallied and equity futures weakened.

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