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Commodities

Dow Pares Losses as Crude Oil Surges Past $81

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Oil
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US stocks closed mixed on August 10, with the Dow Jones Industrial Average dipping 42.44 points to 53,994.49.

The Philadelphia Semiconductor Index (SOX) suffered the largest decline among major indexes, dropping 1.33% to 12,192.99.

Crude oil prices surged $3.06, or 3.91%, to settle at $81.24 per barrel, sparking concerns about inflation and supporting energy stocks.

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