US stocks drift near their records in mixed trading after oil prices fall - AP News
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- US stocks drifted near record levels in mixed trading, with the Dow rising while the S&P 500 and Nasdaq moved in different directions across coverage from AP News and MarketWatch.
- U.S. oil prices dropped below $74 a barrel after the Treasury allowed Iran oil sales to continue for 60 days, a policy move that directly pressured crude (MarketWatch).
Why it matters: US crude falling below $74 a barrel follows a Treasury decision allowing Iran oil sales for 60 days, directly tying near-term energy prices to sanctions policy. The split tape — Dow up, Nasdaq lower — shows investors treating cheaper oil as a tailwind for cyclicals while tech-heavy indices lag, per AP News and MarketWatch.
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