Wall Street quietly mixed early while crude prices soar $3
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Investors largely cheered on Friday, sending major U.S. equity indexes back into record territory, after the latest CPI report boosted expectations for multiple Federal Reserve interest-rate cuts during the months ahead.
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Big U.S. oil companies helped drive the market higher, including gains of 1.1% for Exxon Mobil, 3.5% for ConocoPhillips and 4.2% for Diamondback Energy. They rose with prices for crude, which leaped roughly 5% after Trump announced sanctions against Russian oil giants Rosneft and Lukoil.