The S&P 500 and Dow Jones Industrial Average closed at record highs on August 4 as easing geopolitical tensions and strong earnings lifted markets. The S&P 500 gained 1.79% to 7,737, while the Dow climbed 1.71% to 54,086 after adding 907 points. The Nasdaq Composite rose 2.59% to 26,585, extending a rally driven by cooling concerns over the Strait of Hormuz. Technology stocks led sector gains with a 4.20% advance, and Palantir Technologies surged nearly 30% on explosive U.S. growth. WTI crude oil fell over 6% to $75.32 a barrel on hopes for resumed traffic through the vital waterway, potentially easing inflation pressures.
Palantir Technologies Inc.Surged nearly 30% on explosive U.S. growth.
Advanced Micro Devices Inc
Caterpillar Inc