Earnings Boost Holds Stocks Steady as Oil Rebounds
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- S&P 500 stays above 7,100 points, anchoring the market despite recent dips.
- OpenAI reassigns 10 Prism engineers to Codex, a move that coincided with chip stock declines.
- NASDAQ extends its longest winning streak since 1992, keeping the tech‑heavy index on an upward run.
Why it matters: Tech investors feel pressure as chip stocks tumble, while energy investors benefit from oil’s rebound; the shift of 10 Prism engineers to Codex dampens semiconductor earnings forecasts, impacting tech fund performance.
