Dow Drops 300 Points on Oil Spike
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- Dow falls 300 points as oil prices spike and chip stocks decline
- OpenAI shifts 10 Prism engineers to Codex, consolidating focus on core coding models
- NASDAQ extends its winning streak to the longest since 1992, defying broader market losses
Why it matters: Energy investors gain on $85+ oil, but tech-heavy portfolios lose as chip stocks drop 2%. The Fed’s upcoming decision creates a $1.2 trillion market pivot point, with second-order volatility likely in AI-linked equities.
