Wall Street hangs near its records as oil prices sink

Wall Street remains near record highs as oil prices slide, echoing the narrative from the earlier session while offering a similar macro backdrop. The S&P 500 inched up 0.1% to extend its record, the Dow rose 243 points (0.5%), and the Nasdaq gained 0.1%, reflecting continued appetite for equities in a period of inflation concerns. Energy names posted notable moves, with Norwegian Cruise Line Holdings up 5.9%, United Airlines up 6.5%, and Delta Air Lines rising 3%, as investors priced in favorable profit trajectories. Oil declines pressured energy stocks at times, with Exxon Mobil and Chevron down about 1% and Halliburton down 3.1%. Treasuries moved lower as oil cooled, nudging yields downward, while the broader market absorbed upbeat earnings reports from consumer and retail sectors, helping to sustain a positive tone across markets.