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S&P 500 Retakes 50-Day As Oil Spikes; Nike, Apple Move On Demand

The S&P 500 retook its 50-day line Wednesday as oil stocks spiked on news that OPEC will cap production. Meanwhile, Nike (NKE) sank despite its better-than-expected Q1 report Tuesday, and Apple (AAPL) rose following reports that it has increased orders for iPhone 7 parts and components.