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Markets rotate out of tech: Dow rises as oil falls and AI concerns persist

US indices mostly rose on October 20, 2026: the Dow gained 1% on strong 3M earnings as investors pulled money out of technology and AI stocks. Oil fell after comments from a Qatari Foreign Ministry spokesman about continuing US-Iran talks. Markets declined in Asia and Europe: the Kospi dropped nearly 4%, and French government bond yields hit their widest spread against German bonds since 2011.

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