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US stock market hits record highs as AI profits pile and oil prices ease

Grand Herald US session desk (2026-08-04): The US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased. The S&P 500 shot up 1.8%, and the main… Primary source: original at Guardian Markets (theguardian.com).

· Guardian Markets

US stock market hits record highs as AI profits pile and oil prices ease

The US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.

The S&P 500 shot up 1.8%, and the main measure of Wall Street’s health topped its prior all-time high set a couple months ago. The Dow Jones industrial average added 907 points, or 1.7%, to its own record set the day before, while the Nasdaq composite jumped 2.6%.

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