Bullish
S&P 500 hits record high of 7,736.52, up 1.8% on August 4, 2026.
The S&P 500 surged 1.8% to a record 7,736.52 on August 4, 2026, driven by strong corporate earnings and easing oil prices. Palantir Technologies and Caterpillar reported better-than-expected earnings, while Brent crude oil fell below $80 per barrel, alleviating inflation concerns.
Key points
- Palantir Technologies' stock rose 29.5% following a 93% revenue increase and an optimistic full-year forecast.
- Caterpillar's shares climbed 5.6% after reporting record sales exceeding $20 billion, partly due to AI-related demand.
- Brent crude oil prices dropped 5.3% to $79.36, easing inflation fears and lowering bond yields.
Sources
AI-generated from public news sources. Not financial advice.
