Tech stocks power S&P 500 to record high as oil, producer inflation weaken
The S&P 500 hit an intraday record high on Thursday, boosted by technology stocks, as a drop in crude prices lifted risk appetite and investors parsed a softer-than-expected producer price inflation reading. Brent crude futures retreated 2.2% after six consecutive sessions of gains as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks. Iran and the United…
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- Tech stocks power S&P 500 to record high as oil weakens freemalaysiatoday.com
