Nasdaq Composite closes at a record high aided by AI-related stocks as crude flows improve and oil prices dip
According to CNA Business, the Nasdaq Composite closed at a record high as AI-related stocks, led by Micron Technology, supported sentiment while oil prices and Treasury yields dipped amid improving crude flows through the Middle East. The report notes AI demand remains strong and corporate earnings are resilient, with a UBS executive expressing a constructive outlook on the AI trade.
Key facts
- 01Nasdaq Composite rose 0.45%
- 02US crude fell to $94.59 per barrel
- 03Brent fell to $98.30 per barrel
- 04US 10-year Treasury yields eased to 4.953%
- 05Oil flows through the Strait of Hormuz linked to the East-West pipeline restart
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- Nasdaq sets record high, oil dips on improved crude flows · CNA Business
- Oil prices settle lower as crude flows from Middle East improve · CNA Business