Wall Street Hits Record Highs; AI Stocks Surge Again
US stock markets rallied sharply during Tuesday's trading session (August 4), once again hitting record highs. The S&P 500 rose 0.5%, the Dow Jones surged approximately 650 points, and the Nasdaq 100 climbed 1.4%.
Market sentiment improved after Qatar signaled progress toward an interim agreement between the United States and Iran. Hopes for a de-escalation of conflict drove down fuel and natural gas prices, helping to alleviate concerns about surging inflation.
Falling energy prices kept US bond yields in check. This environment boosted the appeal of stocks—particularly in the technology sector—as the market perceived a reduction in pressure on the Federal Reserve to raise interest rates aggressively.
Palantir shares jumped more than 15% after raising its performance outlook, driven by strong commercial sales. Caterpillar also surged nearly 10% after the company's earnings beat market expectations.
Meanwhile, shares of major tech companies saw mixed performance following a strong rally the previous day. Investors are now awaiting earnings reports from AMD and SpaceX to see if heavy investment in AI infrastructure is truly translating into robust revenue growth.
Newsmaker Analysis: Wall Street continues to be supported by easing inflation risks and optimism surrounding AI. However, the rally could face renewed pressure if US-Iran negotiations fail, energy prices rebound, or tech company earnings fall short of the market's high expectations. (yds)
Source: Newsmaker.id
