U.S. stock markets closed sharply higher on Tuesday, with the Dow and S&P 500 reaching new all-time closing highs, buoyed by a decline in crude oil prices and strong earnings from AI-driven companies. The Dow Jones Industrial Average advanced 907.47 points, or 1.7%, to 54,085.88, while the S&P 500 gained 136.02 points, or 1.8%, to 7,736.52, and the Nasdaq Composite climbed 671.10 points, or 2.6%, to 26,584.99. West Texas Intermediate crude fell 5.7% to $75.77 per barrel and Brent dropped 5.3% to $79.36 after Treasury Secretary Scott Bessent said the U.S. is in talks with Iran and President Trump announced a potential deal. Palantir Technologies surged 29.5% after reporting adjusted earnings of $0.41 per share on revenues of $1.94 billion, both beating estimates, while Caterpillar rose 5.6% on earnings of $8.17 per share and revenues of $20.54 billion. Economic data showed the trade deficit widened to $73.3 billion in June, factory orders fell 0.3%, and job openings decreased to 7.359 million.
Caterpillar Inc
Palantir Technologies Inc.