U.S. stocks hit records as profits keep piling up for Palantir and others, while oil prices ease - BNN Bloomberg
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Article Excerpt
NEW YORK — The U.S. stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.
The S&P 500 shot up 1.8 per cent, and the main measure of Wall Street’s health topped its prior all-time high set a couple months ago. The Dow Jones Industrial Average added 907 points, or 1.7 per cent, to its own record set the day before, while the Nasdaq composite jumped 2.6 per cent.
S&P 500 market updates here
Despite worries about high inflation, the war in Iran, frustration with the economy and a possible bubble in stock prices because of the boom in artific…
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Aug 5, 2026