S&P 500 and Dow hit fresh record highs(Aug. 4) – U.S. stocks climbed to new records as strong AI-related earnings boosted investor confidence. Software company Palantir surged after raising its revenue forecast, while Caterpillar gained on optimism about AI infrastructure demand. More than 85% of S&P 500 companies reporting earnings have beaten Wall Street expectations, well above the long-term average.
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S&P 500 and Dow hit fresh record highs (Aug. 4) – U.S. stocks climbed to new records as strong AI-related earnings boosted investor confidence. Software company Palantir surged after raising its revenue forecast, while Caterpillar gained on optimism about AI infrastructure demand. More than 85% of S&P 500 companies reporting earnings have beaten Wall Street expectations, well above the long-term average.