{
  "id": 98457,
  "title": "Dow surges nearly 700 points for record close as Big Tech stocks rise, oil prices slide: Live updates",
  "url": "https://urgent.news/2026/08/03/dow-surges-nearly-700-points-for-record-close-as-big-tech-stocks-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T20:06:44.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc-2",
    "url": "https://www.cnbc.com/2026/08/02/stock-market-today-live-updates.html?__source=newsletter%7Cbreakingnews&lctg=6a6e373d28d453f2930cb45b"
  },
  "original_language": "en",
  "account": "The Dow Jones Industrial Average reached a record close on Monday, surging 693 points or 1.3%, following a record high of just over 53,000 on July 6. The S&P 500 and Nasdaq Composite both gained 1.5% and 2.1%, respectively. Major tech companies drove the market's advance, with Meta Platforms rising nearly 6% and Amazon hitting a record $3 trillion market capitalization. Nvidia and Alphabet also climbed around 3% and 5%, respectively. This marked a sharp contrast to July's tech sector performance, where the State Street Technology Select Sector SPDR ETF tanked nearly 8%. Investors have turned bullish on technology stocks due to stronger-than-expected earnings and the ongoing demand for accelerated computing, which remains in high demand despite supply shortages. Meanwhile, oil prices declined after President Trump canceled planned strikes against Iran, with Brent crude futures falling 5% to trade at $83.46 a barrel and West Texas Intermediate futures sliding more than 7% to $78.59 per barrel. The fall in oil prices added to the market's momentum, and the threat of Middle East instability seemed to ease, further boosting stocks. However, investors remain cautious, as the conflict with Iran may still have further to go before reaching a resolution. Apple, the only Magnificent Seven member on track to end in the red, underperformed other tech peers and the broader market.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/98457.png",
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "CNBC World",
        "title": "Stock futures rise slightly after rip-roaring rally leads Dow to record closing high: Live updates",
        "url": "https://urgent.news/2026/08/03/stock-futures-rise-slightly-after-rip-roaring-rally-leads-dow-to",
        "published": "2026-08-03T23:34:54.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Sensex today | Stock Market Live: Sensex, Nifty to open stable on Tuesday; Asian stocks dip after US tech rally, Kospi drops nearly 2%",
        "url": "https://urgent.news/2026/08/04/sensex-today-stock-market-live-sensex-nifty-to-open-stable-on-tuesday",
        "published": "2026-08-04T02:40:27.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "World News Today Live Updates on August 4, 2026 : Iran's Supreme Leader Khamenei reportedly issues ‘final ultimatum' to Pezeshkian, backs IRGC commander: What we know",
        "url": "https://urgent.news/2026/08/04/world-news-today-live-updates-on-august-4-2026-irans-supreme-leader",
        "published": "2026-08-04T04:18:12.000Z"
      }
    ]
  },
  "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."
}