Dow Surges 700 Points to Record as Oil Slides
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- US stocks rallied near a record as falling oil prices eased Wall Street's worries about inflation.
- The Dow surged nearly 700 points for a record close, with Big Tech stocks rising as oil prices slid.
Why it matters: The Dow's near-700-point surge to a record close, with Big Tech rising alongside sliding oil, shows the market treating falling energy prices as an inflation cushion, and IBD's parallel coverage flags Palantir's earnings report and SpaceX's upcoming IPO as the next swing factors on traders' radar.
