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Story summary
- Stocks hit highs on August 4, 2026 as the S&P 500 rose 1.8% to 7,736, the Dow added 907 points (1.7%) and the Nasdaq climbed 2.6%.
- Treasury Secretary Scott Bessent said a Strait of Hormuz reopening deal could be reached within days, boosting investor confidence.
- Palantir shares surged 29.5% after CEO Alex Karp reported a 93% revenue jump and raised the 2026 outlook, while Caterpillar shares rose 6.5% on sales above $20 billion.
