The Dow Jones Industrial Average and European stock markets closed at record highs overnight, boosted by strong gains in technology and semiconductor shares. The Dow closed at 54,085.88 points, up 907.47 points or 1.71%, while Europe's STOXX 600 index ended at 656.86 points, up 0.73%, breaking its previous record. Palantir shares surged 29.5% after second-quarter 2026 revenue beat expectations, and Caterpillar rose 5.6% on demand for AI data center equipment. The Philadelphia Semiconductor Index jumped 6.6%, extending its rally to a fourth day. Asian markets opened mostly higher this morning, with South Korea's KOSPI surging 4% to lead the region, and tech stocks like SoftBank soaring more than 10%.
SoftBank Corp.
SoftBank Group Corp.
Caterpillar Inc
Palantir Technologies Inc.