Explained: Why Dow Jones Closed at Lifetime High Despite Caution over AI Frenzy
- On Monday, August 3, 2026, the Dow Jones Industrial Average closed at a record high, driven by easing oil prices and strong gains in major technology stocks.
- President Donald Trump said on Sunday that talks with Iran to reopen the Strait of Hormuz would take place, though Iran disputed that any such discussions were planned.
- Amazon eclipsed $3 trillion in market cap for the first time, while Nvidia, Meta Platforms, and Alphabet also surged during the session.
- Lower fuel costs benefited energy-sensitive stocks, as United Airlines flew 5.8% higher, American Airlines climbed 5%, and Norwegian Cruise Line Holdings steamed 6.6% higher.
- Investors await earnings from Caterpillar and Chipmaker AMD this week, while CME FedWatch prices a 64.5% chance for a Federal Reserve rate hike in September.
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Wall Street's main indexes recorded a strong rise in Monday's session, which kicked off August trading. The post Rally on Wall Street: Dow Jones and S&P 500 at new all-time highs appeared first on in.gr.
The U.S. stock exchanges maintained a positive tone in the face of the strong results of big tech companies, particularly Amazon, which won this day 4.59 percent, while lowering pressure on oil by lowering geopolitical tension in the Middle East.
The Economic Times
Times of IndiaExplained: Why Dow Jones closed at lifetime high despite caution over AI frenzy
Wall Street rallied sharply on Monday, with the Dow hitting a record high as easing oil prices and strong tech earnings lifted investor sentiment. The Dow gained over 1%, while the Nasdaq surged more than 2% and the S&P 500 rose 1.5%, nearing its record high.
US stocks climb toward a record as companies keep piling up profits and oil prices ease
NEW YORK (AP) — The U.S. stock market is rising toward a record as big companies keep piling up profits and oil prices ease. The S&P 500 climbed 0.5% early Tuesday and is on track to top its all-time closing high set in June. The Dow Jones Industrial Average jumped 788 points from its own record set the day before, and the Nasdaq composite rose 0.9%. AI company Palantir Technologies jumped more than 18% after reporting a 93% gain in revenue and …
US stocks rally near a record as falling oil prices ease Wall Street’s worries about inflation - WXXV News 25
By STAN CHOE NEW YORK (AP) — The U.S. stock market rallied to the edge of its all-time high on Monday after easing oil prices helped calm Wall Street’s worries that inflation could get even worse. The S&P 500 jumped 1.5% and is just 0.1% below its record set earlier this summer. It was coming off a frenetic July, where it swung up and down as oil prices shot higher because of the war with Iran, before ultimately ending the month just about whe…
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