Tuesday, August 4, 2026
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Dow Futures Jump 600 Points, S&P 500 Set for Record High as Bessent Indicates Hormuz Deal Near

Stock futures edged higher Tuesday, driven by strong quarterly earnings from companies like Caterpillar and Palantir Technologies.

Meanwhile, oil prices declined amid growing optimism that a U.S.-Iran agreement to reopen the Strait of Hormuz could be imminent.

Dow Jones Industrial Average futures rose by 642 points, or 1.2%, supported by a 10% surge in Caterpillar’s stock.

The S&P 500 futures gained 0.4%, and Nasdaq-100 futures increased by 1.1%, with Palantir soaring over 15% in premarket trading.

Source (CNBC)

SourceCNBC
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