Oil prices whipsaw while US stocks glide near their record heights - AP News — SkimNews
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- S&P 500 stays above 7,100, marking a fresh record‑high zone as investors chase tech earnings.
- NASDAQ extends its longest winning streak since 1992, buoyed by strong performance from leading growth stocks.
- Alphabet lifts Wall Street with earnings that beat expectations, sending its shares higher.
- Amazon adds to the rally with robust sales data, supporting the market advance.
- Oil whipsaws, falling sharply after a data‑driven rally, pressuring energy‑sector stocks.
Why it matters: Tech investors gain as Alphabet and Amazon lift the S&P 500 above 7,100 and the Nasdaq extends its longest streak since 1992, while oil producers lose on falling prices, tightening energy sector margins and shifting capital toward growth stocks.
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