Economic TimesLean R·
US stocks: Dow, S&P 500 close at record highs as AI earnings impress, oil prices tumble
The S&P 500 and Dow Jones Industrial Average hit record closing highs on Tuesday as strong results from AI-linked companies, including Palantir, and Caterpillar eased concerns about demand. Oil prices and Treasury yields also fell amid growing hopes for a deal to end the Iran war, Reuters reported.Palantir Technologies surged nearly 30%, its biggest one-day percentage gain since February 2024, after the company raised its annual revenue forecast.Caterpillar, widely viewed as a bellwether fo…
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