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Tuesday, 4 August 2026 Reading Room

Finance & Markets

new record close.

cnbc.com ·

The Dow Jones Industrial Average reached a record close on Monday, surging 1.32% to 53,178.41 points. The S&P 500 and Nasdaq Composite also showed gains, finishing the day at 7,600.50 and 25,913.90, respectively. Technology stocks led the market's advance, with Meta Platforms, Amazon, Nvidia, Alphabet, and Microsoft all posting strong gains.

The tech sector's strong performance marked a sharp contrast to July's significant losses, as stronger-than-expected earnings and a reduced demand for AI-related investments prompted renewed investor optimism. Oil prices declined after President Trump canceled planned strikes against Iran, signaling a potential resolution to the conflict.

Meanwhile, Boeing shares jumped 7% following FAA approval of the 737 Max 7 aircraft, which had faced numerous delays and safety concerns. Despite its underperformance, Apple still showed growth, up nearly 13% in 2026.

Written by urgent.news from CNBC's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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More in Finance & Markets

above $3 trillion

  • Amazon shares reach record high of over $3 trillion
  • Earnings report surpasses expectations with $1.97 adjusted EPS
  • Cloud division revenue exceeds $42.2 billion

·cnbc.com

called an “otherworldly” quarter.

  • Palantir reported 93% revenue growth to $1.94 billion in Q2.
  • Commercial revenue surged 149% to $764 million.
  • Co-founder Alex Karp called the quarter "otherworldly" and optimistic.

·cnbc.com

to the Covid pandemic era.

  • U.S. manufacturing sector grew fastest in 4 years in July
  • Production index spiked 6.3 points, employment highest since Aug 2022
  • Fed policy challenge with price pressures and inflation above 2% target

·cnbc.com

U.S. Trade Deficit Contracted in June

U.S. imports totaled $388 billion in June, down 1.8% from May, while exports were $314.7 billion, down 0.9% from May. That yielded a trade deficit of $73.3 billion versus $77.6 billion in May.

·wsj.com

U.S. Trade Deficit Contracted in June

U.S. imports totaled $388 billion in June, down 1.8% from May, while exports were $314.7 billion, down 0.9% from May. That yielded a trade deficit of $73.3 billion versus $77.6 billion in May.

·wsj.com

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