Dow Jones hits record, oil dips

The US stock indices closed mixed, with the Dow Jones Industrial Average reaching a new record high for the second consecutive time, while the Nasdaq and S&P 500 declined by 1.15% and 0.55%, respectively, amid pressure on technology stocks. Oil prices also fell to their lowest levels in three months, dropping around 5%, driven by optimism over the potential reaching of a temporary agreement to end the war in the Middle East and the reopening of the Strait of Hormuz, which supports global supply stability.

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