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