Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close

Nasdaq reaches record-high close

The Nasdaq notched a record-high close Tuesday, lifted by Micron Technology and other artificial intelligence-related stocks, while the S&P 500 hovered just below a record high as oil prices traded at about $100 per barrel.

Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close

The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a historic high, fueled by the performance of Micron Technology and companies in the AI sector.

US Stock Market Today: Nasdaq Hits Record as Dow, S&P 500 Slip – Here’s All the Details You Need to Know

The Nasdaq Composite gained 0.45% to close at 27,244.28, marking another record high. The S&P 500 slipped slightly to 7,764.64, while the Dow Jones Industrial Average declined 0.36% to 51,863.69.