Nasdaq Hits Record Close as Oil Slides Fifth Day — SkimNews
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- Nasdaq closed at a record high with AI stocks leading the rally, per Reuters.
- S&P 500 held near its record high and closed essentially flat, as oil prices declined for a fifth consecutive day, per CNBC and Bloomberg.
Why it matters: A five-day oil slide is removing an energy-sector headwind just as tech leadership pushes the Nasdaq to fresh highs — a divergence that gives growth-heavy positioning room to run while keeping cyclicals pressured.
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