{
  "id": 137660,
  "title": "Dow leaps 1,000 points fueled by earnings, hopes for Hormuz Strait deal; S&P 500 hits record: Live updates",
  "url": "https://urgent.news/2026/08/04/dow-leaps-1-000-points-fueled-by-earnings-hopes-for-hormuz-strait",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T17:10:46.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc-2",
    "url": "https://www.cnbc.com/2026/08/03/stock-market-today-live-updates.html?__source=newsletter%7Cbreakingnews"
  },
  "original_language": "en",
  "account": "The stock market witnessed a banner day on Tuesday, with major indexes hitting fresh record highs. The S&P 500 and Dow Jones Industrial Average both scaled new peaks, driven by strong earnings reports and hopes for a deal opening the Strait of Hormuz. The broad market index gained 1.8%, while the Nasdaq Composite surged 2.4%. Palantir Technologies led the tech rally, jumping 29% after reporting impressive second-quarter results. Caterpillar topped the Dow with a 6% rise, marking a new intraday record. Financials advanced 1%, with Goldman Sachs leading the gainers. Oil prices dropped after Treasury Secretary Scott Bessent hinted at a possible deal to reopen the Strait, sending West Texas Intermediate futures down 5% to around $76 per barrel. Chip stocks also rallied, continuing their recovery from a July slump. Micron Technology gained 8% and Marvell Technology advanced 13%. The earnings season has been strong, with over 84% of S&P 500 companies beating expectations. Fed officials, including Philadelphia Federal Reserve President Anna Paulson, believe current interest rates are sufficient to keep inflation moving toward their 2% target.",
  "summary": null,
  "key_points": [
    "S&P 500 and Dow Jones both set new record highs",
    "Palantir Technologies surged 29% on strong earnings",
    "Oil prices fell after hints of Strait of Hormuz deal"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/137660.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "SpaceX revenue jumps 92% in first earnings report since IPO: Live updates",
        "url": "https://urgent.news/2026/08/04/spacex-revenue-jumps-92-in-first-earnings-report-since-ipo-live",
        "published": "2026-08-04T20:09:31.000Z"
      },
      {
        "outlet": "ABC News AU",
        "title": "Live: SpaceX earnings beat estimates but costs balloon",
        "url": "https://urgent.news/2026/08/04/live-spacex-earnings-beat-estimates-but-costs-balloon",
        "published": "2026-08-04T21:59:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}