Market Snapshot: Dow closes at record high, Nasdaq slumps on weak technology stocks

U.S. stocks looked set to struggle for direction Thursday, as investors took stock of what an OPEC-fueled rally for oil prices means for markets and the U.S. economy.

As December trading was set to get under way, futures for the Dow Jones Industrial Average YMZ6, -0.01% turned down 5 points to 19,117. Futures for the S&P 500 index ESZ6, -0.08% slipped 2.3 points to 2,196.50. Futures for the Nasdaq-100 index NQZ6, -0.16% fell 8.50 points, or 0.2%, to 4,807.50.

The moves come after a choppy session on Wednesday, when stocks opened with firm gains after news the Organization of the Petroleum Exporting Countries agreed to cut output for the first time in eight years.

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