Bullish
Nasdaq 100 surges 2.1% to 25,913.90 as oil prices drop 4.7%
On August 3, 2026, the Nasdaq 100 experienced a significant rally, closing at 25,913.90, up 2.1%. This surge was driven by a 4.7% decline in oil prices, following President Trump's decision to delay military actions against Iran, which alleviated inflation concerns. The S&P 500 and Dow Jones also reached near-record highs, with the S&P 500 just 0.1% below its all-time high.
Key points
- Nasdaq 100 closes at 25,913.90, up 2.1%, nearing record highs.
- Oil prices fall 4.7% to $83.77 per barrel after U.S. delays military action against Iran.
- S&P 500 rises 1.5%, just 0.1% below its all-time high.
- Dow Jones Industrial Average climbs 1.3% to a new record of 53,178.41.
Sources
AI-generated from public news sources. Not financial advice.
