{
  "id": 144976,
  "title": "Dow, S&P 500 close at record on AI-linked earnings, Middle East deal hopes",
  "url": "https://urgent.news/2026/08/04/dow-s-p-500-close-at-record-on-ai-linked-earnings-middle-east-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T20:37:41.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/dow-sp-500-close-at-record-on-ai-linked-earnings-middle-east-deal-hopes"
  },
  "original_language": "en",
  "account": "On August 4, the S&P 500 and Dow Jones Industrial Average both reached record highs, driven by earnings from AI-related companies and hopes for a Middle East deal. Palantir saw a 30% surge and Caterpillar jumped after raising its annual revenue forecast, benefiting the Dow more than 300 points. Crude prices and Treasury yields fell as a Qatari official and US Treasury Secretary hinted at progress in resolving the Iran conflict. Investors showed confidence in AI-linked companies and the labor market remained stable, with job openings dropping but hiring low. The tech sector, including chip stocks, also surged, pushing the S&P 500 tech index to a four-day gain.",
  "summary": "The Dow Jones Industrial Average rose 912.25 points, or 1.72 per cent, to 54,090.66, preliminary data showed.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "US stock futures advance as strong AI-linked earnings continue",
        "url": "https://urgent.news/2026/08/04/us-stock-futures-advance-as-strong-ai-linked-earnings-continue",
        "published": "2026-08-04T12:16:25.000Z"
      }
    ]
  },
  "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."
}