{
  "id": 192307,
  "title": "Dow closes at record on Middle East optimism as Nasdaq drags",
  "url": "https://urgent.news/2026/08/05/dow-closes-at-record-on-middle-east-optimism-as-nasdaq-drags",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T21:54:30.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/06/dow-closes-at-record-on-middle-east-optimism-as-nasdaq-drags"
  },
  "original_language": "en",
  "account": "The Dow Jones Industrial Average reached a record high on Wednesday, closing at 54,349.06 points, after gaining 0.49% to 263.18 points. This surge was driven by optimism surrounding a potential peace deal with Iran, as well as strong performance from Amgen, which saw a 4.6% gain, and Disney, which rose 3.6% following a beat on third-quarter profit expectations. However, the Nasdaq Composite experienced its first decline in five sessions, dropping by 0.83% to 26,363.44 points, amid concerns over SpaceX and AMD's earnings following the quarterly reports. SpaceX's shares fell 13.6% due to worries about the company's capacity to sustain AI-related investments. Advanced Micro Devices, on the other hand, forecasted revenue above estimates, reflecting strong demand in the AI sector, but its shares declined 7% as investors awaited more evidence of increased growth. The S&P 500 closed at 7,723.52 points, slipping by 0.17%, while the Nasdaq Composite closed lower by 0.83%. Labor market data showed a slowdown in private payrolls growth in July, with ADP reporting a 0.2% increase, which was below economists' expectations. The Institute for Supply Management's non-manufacturing purchasing managers index also showed a slight increase, but the war in Iran continues to raise concerns about inflation and the Federal Reserve's response, pushing expectations for a rate hike at the September meeting down to 54.9%.",
  "summary": "The Dow Jones Industrial Average rose 263.18 points, or 0.49%, to 54,349.06, while the S&P 500 and Nasdaq Composite fell.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Dow closes at record on Middle East optimism; SpaceX, AMD drag Nasdaq",
        "url": "https://urgent.news/2026/08/05/dow-closes-at-record-on-middle-east-optimism-spacex-amd-drag-nasdaq",
        "published": "2026-08-05T21:35:17.000Z"
      }
    ]
  },
  "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."
}