Nasdaq Hits Record High as Oil Drops
The Nasdaq reached an intraday record high driven by strong artificial intelligence demand and corporate earnings. Meanwhile, oil prices fell below one hundred dollars as Middle East supply conditions showed signs of improvement.
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The NASDAQ rose 0.40% to 27,231.59 on Tuesday afternoon as artificial intelligence optimism propelled tech stocks to an intraday record high. The gain follows strong corporate earnings and rising demand across the sector. Global equities advanced while crude oil dropped below $100 per barrel on easing Middle East supply concerns.
