Wall Street closes mixed as oil slumps, Tesla slides and Microsoft leads a tech rebound
Executive summary: U.S. markets finished mixed, with the Dow Jones setting the pace higher while the S&P 500 and Nasdaq slipped. The sharpest move came in WTI crude, which fell -6.6%, helping ease pressure on some rate-sensitive assets and supporting energy equities. Microsoft rose +3.9% and Apple gained +1.1%, but Tesla dropped -6.3% and several AI and mega-cap names weakened. The session points to a market still balancing growth optimism, commodity volatility and sector rotation. [Continue Reading]
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Wall Street closes mixed as energy surges, AI and crypto retreat, and megacap tech splits
Executive summary: US stocks finished a choppy session with the S&P 500 and Dow little changed, while the Nasdaq slipped. Energy led the market higher as crude and natural gas firmed, but the broader risk complex weakened, with AI chips, Tesla, Bitcoin, Ether, gold, silver, and platinum all under pressure. Microsoft, Meta, Apple, Nvidia, and banks held up better than the rest of the tape, underscoring a rotation rather than a broad selloff. [Continue Reading]
