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U.S. Stocks Suffer Fourth Straight Week of Declines

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U.S. stocks declines accelerated into the close and oil prices edged higher Friday as the nearly three-week-old war in the Middle East showed no signs of winding down.

The three major stock benchmarks fell sharply, suffering a third day of losses, led by the Nasdaq composite, which dropped 2% and now stands about 9.5% below its record. All three major indexes fell for a fourth straight week, the first time that has happened for the Dow industrials since 2023.

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