19 Hrs
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الاقتصادية
Wall Street hits record on AI gains and Iran deal hopes
Wall Street closed at new record highs, supported by strong earnings results from AI companies, declining oil prices, and falling U.S. Treasury yields, amid growing hopes of reaching an agreement to ease tensions with Iran. The Dow Jones Industrial Average rose by 907.47 points (+1.71%) to close at 54,085.88 points, while the S&P 500 increased by 1.79% to 7,736.52 points, marking its highest closing ever. The Nasdaq surged by 2.59% to 26,584.99 points. Leading the gains were AI-related stocks such as Palantir (+29.5%) and Caterpillar (+5.6%), as investors focused on company earnings and future outlooks. Oil prices fell by about 5%, supporting equities and reducing the likelihood of a September rate hike to 56.9%. Semiconductor stocks also rose by 6.6%. The stability of the U.S. labor market persisted despite a decline in job openings, with continued low layoff rates. Overall, strong corporate results and positive forecasts boosted confidence in the American financial markets.
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