Caterpillar IncStrong earnings from Caterpillar mentioned as market support.
The Dow Jones Industrial Average surged more than 700 points today, boosted by a sharp drop in oil prices following reports that the United States and Iran are close to reaching an agreement to reopen the Strait of Hormuz. As of 9:19 PM Thai time, the Dow was up 726.32 points, or 1.37%, at 53,904.73. Brent crude fell below $80 a barrel, while WTI crude slipped below $76. US Treasury Secretary Scott Bessent said negotiations could lead to a deal as early as today or tomorrow, guaranteeing freedom of navigation for commercial vessels. Markets also drew support from declining US Treasury yields and strong earnings from Palantir and Caterpillar.
Caterpillar IncStrong earnings from Caterpillar mentioned as market support.
Palantir Technologies Inc.Strong earnings from Palantir mentioned as market support.
Declining US Treasury yields mentioned, indicating yield down.