US Stock Market Breaks Records as Profits Soar and Oil Prices Decline

The US stock market saw significant gains on Tuesday, August 4, 2026, as companies continued to report strong profits and oil prices eased.

The S&P 500 rose by 1.8%, pushing past its previous all-time high set in June. The Dow Jones Industrial Average also broke records, increasing by 1.7% on the same day. Meanwhile, the Nasdaq composite jumped by 2.6%, outperforming the other major indexes.

The rally was led by companies such as Palantir Technologies and Caterpillar, which reported stronger-than-expected profits for the spring season. Additionally, a decline in Brent crude prices below $80 per barrel helped ease Treasury yields in the bond market.