The S&P 500 closed at a record high of 7,736.52 on Tuesday, rising 1.8% (or 1.79% by another count). The Dow Jones industrial average added 907.47 points to finish at a record 54,085.88, a gain of 1.7% (or 1.71% by another tally). The Nasdaq composite rose to 26,584.99, up 2.6% (or 2.59% by another measure).
Palantir Technologies shares surged after the company reported strong second-quarter results and raised its full-year revenue forecast. The stock jumped 29.5% (or 29.4% by another account), with some noting criticism over its support for Israel's war in Gaza. CEO Alex Karp called the quarter "otherworldly" as overall revenue leaped 93%.
Caterpillar reported quarterly profit and revenue above analyst expectations, driven by strong demand for equipment used in AI data centers. The stock climbed 5.6% (or 5.4% by another count). CEO Joe Creed said the company was seeing strong order rates and a growing backlog across its main businesses. The company surpassed $20 billion in sales and revenue in a single quarter for the first time.
$20 billion
Caterpillar's quarterly sales and revenue, a first for the company
Brent crude oil prices declined on Tuesday. US Treasury Secretary Scott Bessent said Washington and Tehran were holding talks to reopen the Strait of Hormuz.
The yield on the US 10-year treasury fell to 4.62% from 4.70% on Monday (source: claim:11).
Chipotle Mexican Group shares fell 9.7% after removing jalapeños from some restaurants due to a salmonella outbreak. The company stated that Minnesota, US health officials have no ongoing concerns with the chain.
Amazon shares fell 2.3% following a regulatory filing showing founder Jeff Bezos planned to sell around $4 billion worth of shares. Amazon's market capitalization surpassed $3 trillion for the first time on Monday.
European stock markets ended Tuesday's session higher, with Spain's IBEX 35 rising 0.21% to close above 20,000 for the first time.
According to FactSet, companies in the S&P 500 index were on track to deliver growth of nearly 50% in earnings per share for the spring from a year earlier. Phil Segner, a co-portfolio manager at the Leuthold Group, said stocks do not look as expensive as they did before due to rising corporate profits.
Updates
While S&P 500 gains remain disputed, the Nasdaq composite jumped 2.6% and the Dow Jones industrial average rose 1.7% on Tuesday. WTI crude futures settled 6.4% lower at $75.20 per barrel, while Brent crude's 6% drop to $78.85 remains a disputed figure. Additionally, Caterpillar indicated that its full-year tariff costs are likely to fall at the lower end of previous forecasts.
Market indices showed broad gains as the Nasdaq composite jumped 2.6%, the Dow Jones industrial average added 1.7% to its previous record, and the Stoxx Europe 600 reached a record 656.86 points. Further growth was seen in technology stocks, which jumped around 4%, while WTI crude futures settled 6.4% lower at $75.20 per barrel. Additionally, Caterpillar stated its full-year tariff costs are likely to be at the lower end of its previous forecast.
While the S&P 500 reached new peaks, the Nasdaq composite jumped 2.6%, the Dow Jones industrial average added 1.7%, and technology stocks surged approximately 4% on Tuesday. Additionally, West Texas Intermediate (WTI) crude futures settled 6.4% lower at $75.20 per barrel, while disputed reports suggest Brent crude prices fell between 5.3% and 6%.
Alongside the S&P 500's record high, the Nasdaq composite jumped 2.6% and the Dow Jones industrial average rose between 1.7% and 1.71%. WTI crude futures settled 6.4% lower at $75.20 per barrel, while Brent crude prices saw disputed reports of a decline ranging from 5.3% to 6%. Additionally, the Stoxx Europe 600 reached a record 656.86 points, supported by gains in major indices like Germany's DAX 40 and France's CAC 40.
While S&P 500 record highs were noted, the Nasdaq composite jumped 2.6%, the Dow Jones industrial average rose between 1.7% and 1.71%, and technology stocks climbed approximately 4%. WTI crude futures fell 6.4% to $75.20 per barrel, while Brent crude prices faced disputed reports of a 5.3% to 6% decline. Additionally, the Stoxx Europe 600 reached a record 656.86 points, with major European indices also posting gains.
While the S&P 500 hit record highs, markets saw broader gains including a 2.6% jump in the Nasdaq composite and a 1.7% rise in the Dow Jones industrial average. Energy markets shifted as WTI crude settled 6.4% lower at $75.20 per barrel, while Brent crude prices saw conflicting reports of declines ranging between 5.3% and 6%. Additionally, the CAC 40 index reached a historical high on Wednesday, August 5.
While US stocks rose, the Nasdaq composite jumped 2.6%, the Dow Jones industrial average added 1.7%, and technology stocks gained approximately 4% on Tuesday. WTI crude futures settled 6.4% lower at $75.20 per barrel, while Brent crude prices faced disputed reports of a drop ranging between 5.3% and 6%. Additionally, the Stoxx Europe 600 index reached a record 656.86 points, with major European indices like Germany's DAX 40 and France's CAC 40 also posting gains.
While the S&P 500 hit record highs, the Nasdaq composite jumped 2.6% and the Dow Jones industrial average added 1.7% on Tuesday. WTI crude futures settled 6.4% lower at $75.20 per barrel, while Brent crude prices saw disputed reports of a 6% drop to $78.85 or a 5.3% decline to $79.36. Additionally, the pan-European Stoxx Europe 600 index reached a record 656.86 points, and the CAC 40 hit its historical high on Wednesday, August 5.
While S&P 500 record highs were noted, specific market movement included the Nasdaq composite jumping 2.6% and the Dow Jones industrial average adding 1.7% on Tuesday. Additionally, WTI crude futures settled 6.4% lower at $75.20 per barrel, and the Stoxx Europe 600 reached a record 656.86 points. Sector-specific gains were also observed, with technology stocks jumping around 4% and the financial sector advancing 1%.
Following the S&P 500's record high, the Nasdaq composite jumped 2.6% and the Dow added 1.7% to extend its recent rally, while technology stocks rose nearly 4% and key names like Nvidia (up 2.6%), Broadcom (up 6.6%), and Micron (up 7.6%) led gains; WTI crude settled 6.4% lower at $75.20, and Brent crude — though disputed at 6% or 5.3% drops — traded amid ongoing volatility from Persian Gulf tensions, as Caterpillar and Palantir beat earnings and raised forecasts, with Palantir’s surge tied to strong AI software sales and Caterpillar benefiting from data center turbine demand, while European indices including the Stoxx 600, DAX, and CAC 40 all hit records, and Treasury yields edged down as a
Following the S&P 500's record high, the Nasdaq composite surged 2.6% and the Dow Jones added 1.7% to extend its recent rally, while technology stocks rose nearly 4% and key names like Nvidia (up 2.6%), Broadcom (up 6.6%), and Micron (up 7.6%) led gains; WTI crude settled 6.4% lower at $75.20, and Brent crude—though disputed at 6% or 5.3% declines—remained under pressure amid easing geopolitical risks, as Palantir and Caterpillar beat earnings and raised forecasts, with Caterpillar citing rising AI-driven turbine orders and Palantir attributing its 29.5% surge to strong AI software sales, while European indices including the Stoxx 600 and CAC 40 also hit records.
Following the S&P 500's record high, the Nasdaq Composite jumped 2.6% and the Dow Jones added 1.7% to extend its recent gains, while technology stocks rose around 4% and key names like Nvidia (up 2.6%), Broadcom (up 6.6%), and Micron (up 7.6%) led the surge; WTI crude settled 6.4% lower at $75.20, and Brent crude — though disputed at 6% or 5.3% declines — traded amid ongoing volatility from Iran-related supply fears, as Palantir’s 29.5% rally was verified as driven by strong AI software sales and raised full-year revenue guidance to $8.15B–$8.16B, while Caterpillar reported better-than-expected earnings and confirmed increased turbine orders from data center demand.
Following the S&P 500's record high, the Nasdaq composite surged 2.6% and the Dow Jones added 1.7% to extend its recent gains, while technology stocks rose around 4% and sectors like industrials and materials each climbed nearly 2%; WTI crude settled 6.4% lower at $75.20, and Caterpillar reported stronger-than-expected earnings and raised its full-year tariff cost outlook to the lower end of its forecast, as Palantir’s 29.5% jump—driven by robust AI software sales—was corroborated alongside record European indices and rising corporate earnings beats across 86% of S&P 500 reported firms.
The S&P 500 closed at a record 7,736.52 on Tuesday, while the Nasdaq composite hit 26,584.99 and the Dow Jones reached 54,085.88 — all new highs — driven by strong tech earnings and a 4% jump in technology stocks; Caterpillar and Palantir surpassed earnings estimates, with Palantir's revenue rising 93% and its full-year forecast raised to $8.15–8.16 billion, while Caterpillar reported its first quarter over $20 billion in sales and cited AI-driven turbine demand; U.S. 10-year Treasury yields fell to 4.62% from 4.70%, and Brent crude dropped 5.3% to $79.36, while WTI settled at $75.20, down 6.4%.
The S&P 500 closed at a record 7,736.52 on Tuesday, while the Nasdaq composite hit 26,584.99 and the Dow Jones industrial average reached 54,085.88 — all new highs — as technology stocks surged around 4% and earnings beat estimates across the board, with Palantir and Caterpillar reporting strong quarterly results and raising full-year forecasts; the yield on the 10-year U.S. Treasury fell to 4.62% from 4.70% Monday, and Brent crude dropped 5.3% to $79.36 per barrel, though disputed reports of a 6% decline to $78.85 persist.
The S&P 500 closed at a record 7,736.52 on Tuesday, while the Nasdaq composite surged 2.6% to 26,584.99 and the Dow Jones rose 1.7% to 54,085.88, both also setting new highs; WTI crude settled 6.4% lower at $75.20, and Brent crude fell 5.3% to $79.36, with tech stocks up around 4% and AI-driven earnings from Palantir and Caterpillar driving gains, as Palantir reported $1.94B in revenue and raised its full-year forecast to $8.15B–$8.16B, while Caterpillar posted $8.17 EPS and exceeded $20B in quarterly sales for the first time.
The S&P 500 closed at a record 7,736.52 on Tuesday, while the Nasdaq composite surged 2.6% to 26,584.99 and the Dow Jones rose 1.7% to 54,085.88, both also setting new highs; WTI crude settled at $75.20, down 6.4%, and Brent crude fell 5.3% to $79.36, though some sources dispute the exact figures; the 10-year U.S. Treasury yield dropped to 4.62% from 4.70% Monday, and Palantir and Caterpillar posted stronger-than-expected earnings, with Palantir’s AI software sales driving a 29.5% share surge and Caterpillar reporting its first $20B+ quarterly revenue amid rising data center turbine orders.
