S&P 500 Hits Record on Falling Oil, Tech Rally
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- S&P 500 closes at a fresh record, buoyed by declining oil prices and upbeat corporate results
- NASDAQ extends its winning streak to the longest since 1992, driven by strength in tech sector performance
- Oil prices fall significantly, providing a tailwind for equities and easing inflation concerns for markets
Why it matters: Tech investors gain as NASDAQ's 1992-longest streak lifts trillions in market value; lower oil prices reduce input costs for transport firms but pressure energy stocks by narrowing profit margins.
