Commodities
Dow Surges to Record High as Tech Stocks Rally and Oil Prices Tumble
The US stock market kicked off August on a high note as major indexes surged to record highs.
The Dow, led by tech stocks, rose nearly 700 points to an all-time closing high.
This rally was fueled in part by President Donald Trump's announcement that he called off an attack on Iran, which sent crude prices lower.
Brent crude fell about 5% to $83.75 a barrel, and US oil prices dropped 5% to $80 a barrel.