US STOCKS-S&P ekes out gains to close languid week ...Middle East

The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected. Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.

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