S&P nears record high on oil rally, healthcare curbs Nasdaq

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell of trading session in New YorkThe S&P energy index surged 1.79 percent as oil prices hit 2016 highs due to supply constraints and a weak dollar. The stocks were among those giving the biggest boost to the S&P and the Dow. "Demand for oil seems to be stronger than we anticipated and the price continues to rise, that is something that is positive," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.



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