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S&P and Nasdaq hit fresh record highs but oil drops after reports of OPEC's cut extension disappoints

Wall Street is eyeing a sixth straight day of gains. The S&P and Nasdaq both opened at fresh record highs following some better-than-expected earnings from big name retailers and after OPEC extended production cuts. Yahoo Finance's Alexis Christoforous talks about the day's top stories with Yahoo Finance editor-in-chief Andy Serwer, markets reporter Myles Udland and Kevin Nicholson, chief investment strategist at RiverFront Investment Group.