US stocks rally toward record
Analysis based on 7 articles · First reported Aug 04, 2026 · Last updated Aug 04, 2026
The rally reflects strong corporate earnings and falling oil prices, boosting investor sentiment and pushing major indices toward record highs. Lower Treasury yields and easing inflation worries support equity valuations, while the drop in oil prices benefits consumers and reduces cost pressures across industries.
On Tuesday, U.S. stock markets rallied strongly toward record highs, driven by robust corporate earnings and easing oil prices. The S&P 500 climbed as much as 1.7%, the Dow Jones Industrial Average added up to 966 points, and the Nasdaq Composite rose up to 2.2%. Palantir surged up to 29.3% after reporting a 93% revenue increase and raising its full-year forecast. Caterpillar gained up to 10.5% after posting record quarterly sales above $20 billion, benefiting from AI-related demand for turbines. McDonald s also beat profit expectations. These results followed strong earnings from Amazon (company) and Microsoft, with S&P 500 companies on track for nearly 50% earnings per share growth, the highest since spring 2021. Oil prices fell sharply, with Brent crude dropping as much as 4.9% to around $79.64 per barrel, amid hopes that the war with Iran would allow tankers to exit the Persian Gulf. The 10-year Treasury yield fell to 4.63%, easing inflation concerns. Global markets rose modestly, with South Korea's KOSPI up 1.6% on gains in Samsung Electronics and SK Hynix. Chip stocks including Broadcom, Nvidia, and Micron Technology also strengthened.
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