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Tech stocks lift S&P 500 and Nasdaq to intraday records as Brent crude drops 2.2%

AI Market Summary
US equities extended a risk-on move as tech leadership pushed the S&P 500 to an intraday record and lifted the Nasdaq, supported by softer-than-expected producer-price inflation. A 2.2% drop in Brent on weak-demand and higher-inventory concerns also eased inflation and rate-pressure expectations, reinforcing equity strength. Ongoing Iran-US tensions around the Strait of Hormuz remain a tail risk for energy and broader risk sentiment.
Impact level
● High
Affected assets
NCSISP5002USD/USDT-0.28%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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On Thursday, a surge in technology shares pushed the S&P 500 to an intraday record, with the Nasdaq also climbing. Brent crude futures fell 2.2% on concerns about weak global demand and rising U.S. oil inventories, while ongoing Iran-U.S. tensions in the Strait of Hormuz continued to affect shipping. A lower-than-expected producer price inflation reading added to the risk-on mood. Shares of Microsoft, Nvidia and Apple rose, and financial and healthcare stocks also helped lift the Dow.
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