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Dow Closes at Record on Mideast Optimism; SpaceX, AMD Drag Nasdaq
Hopes that the Strait of Hormuz may reopen eased oil-supply fears, while market odds of a September rate hike rose to 56.7%, CME Group said.
- On Tuesday, August 4, 2026, Wall Street reached a record $70 trillion market cap as investor optimism grew regarding the potential reopening of the Strait of Hormuz to oil traffic.
- Treasury Secretary Scott Bessent told CNBC there is "a chance we may have a deal today or tomorrow to open the Strait and move towards a more normalized position" amid ongoing US-Iran negotiations.
- CryptoQuant reported "strong accumulation" for Bitcoin , noting that investors hold roughly 155,000 coins with cost bases between $62,000 and $65,000 as the currency passed $64,000.
- WTI and Brent crude prices fell 4.8% and 4.6%, respectively, as markets anticipated traffic returning through the waterway as soon as Wednesday.
- Markets currently see 56.7% odds of a 0.25% rate hike by the Federal Reserve at the September FOMC meeting, as oil prices continue to shape policy expectations.
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Canada's main stock index up more than 300 points amid hopes of Hormuz reopening
TORONTO — Canada’s main stock index and U.S. markets continued hovering around record highs on Wednesday as investors were hopeful that a deal to reopen the Strait of Hormuz could be getting closer. U.S.
·Canmore, Canada
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Star-Herald+13 Reposted by 13 other sources
Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
NEW YORK — The Dow closed at a record high Wednesday on signs of progress for a peace deal with Iran, while the Nasdaq saw its first decline in five sessions as SpaceX and AMD stumbled following their quarterly earnings.
Stocks hover near record highs and oil prices stabilize with talk of a deal to open Strait of Hormuz - Boston News, Weather, Sports
NEW YORK (AP) — Stocks wavered in afternoon trading on Wall Street Wednesday and hovered around their records set a day earlier, while oil prices...
·Boston, United States
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Total News Sources60
Leaning Left9Leaning Right9Center24Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 22%
C 57%
R 21%
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