S&P 500 Reverses from Record 7,385 High as Oil Surges Past $95, Fuels Inflation Fears

The S&P 500 hit an intraday record of 7,385.02 before reversing to -0.40% by late session as oil prices rebounded sharply, reigniting inflation concerns. Early gains stemmed from falling oil (WTI below $90/barrel, Brent under $98) and easing yields, propelling AI-tech rally with Apple reaching $290.33 (RSI ~71.8). WTI then surged above $95 and Brent over $101 amid US-Iran talks optimism, pushing one-year inflation expectations to 3.6% despite 200,000 jobless claims. Analysts monitor pivots (7,279.66; 7,246.44; 7,215.79) for reversal signals as Dow fell ~0.8%.