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sp500
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Business & Economy · United StatesUS stocks hit record highs as Strait of Hormuz talks progress
The Dow Jones Industrial Average and S&P 500 reached record highs on 4 August 2026, driven by tech gains and a drop in oil prices after US officials signalled progress in talks to reopen the Strait of Hormuz. Caterpillar and Palantir led sector rallies.
United States3 min readTrust 55 · Craft 65 · Hype 35
Business & Economy · Middle EastStrait of Hormuz reopening talks send S&P 500 to $70 trillion record
The S&P 500 reached a record $70 trillion market capitalisation on 4 August 2026 after US Treasury Secretary Scott Bessent indicated the Strait of Hormuz could reopen to oil traffic as soon as 5 August. Bitcoin traded at $64,176 while crude prices fell sharply.
Middle East4 min readTrust 42 · Craft 55 · Hype 65