Dow dips as S&P 500, Nasdaq hit records amid oil surge fears

US markets were mixed as the S&P 500 and Nasdaq closed at fresh record highs while the Dow (Wall Street 30) slipped, pressured by a jump in oil prices on Iran/Strait of Hormuz tensions. WTI and Brent rose over 2%, spurring concerns about higher energy costs that weighed on oil‑sensitive Dow industrials even as mega‑cap tech continued to buoy benchmarks. Markets traded in a narrow range with limited conviction ahead of a heavy week of earnings and the Federal Reserve decision, leaving investors focused on the interplay between earnings momentum, central bank signals and geopolitics. The piece highlights sector implications — energy beneficiaries vs. industrials at risk — and offers trading ideas to buy energy exposure and trim industrials.