Economic TimesLean R·
US stocks: Dow closes at record high on Iran talks optimism
US stocks opened August with strong gains, pushing the Dow Industrials to a record closing high. Easing oil prices and Treasury yields supported the market's upward movement. Communication services sector led gains, while energy experienced a decline. Amazon's market value surpassed three trillion dollars for the first time. Investors are now focused on upcoming economic data and corporate earnings reports.
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