Nasdaq hits record high as oil prices slide
The Nasdaq reached a new record high on Tuesday driven by AI momentum and a fifth consecutive decline in global oil prices. Investors also focused on upcoming US-China meetings and global economic data releases.
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The Nasdaq rose 0.5% to a record high on Tuesday, driven by AI optimism and a 2.3% drop in Brent Crude Oil. The advance came as investors looked ahead to an upcoming bilateral meeting between the United States and China in Washington. The rally diverges from softer performances in the Dow Jones, which fell 0.4%, and European indices.
