Dow Blasts Through 54,000 as Animal Spirits Ignite Broad Rally

The Dow Jones Industrial Average surged to a record high of 54,085.88 on Tuesday, gaining 907 points or 1.7%.

This marks a significant comeback for animal spirits on Wall Street, with the S&P 500 also reaching a fresh record of 7,736.52, its first new high since June.

The Nasdaq Composite outpaced both, soaring 671 points or 2.6% to 26,584.99 as traders reinstalled the AI trade.

Palantir exploded 29.5% after nearly doubling quarterly revenue and raising its annual forecast.

Caterpillar added 5.6% as AI-linked infrastructure demand strengthened its outlook.