Market Close
Monday, August 3, 2026  ·  5:20 PM ET

Big Tech Powers Rally as Oil Tanks on Iran Diplomacy

The S&P 500 surged 1.48% and the Nasdaq climbed 2.13% to close Monday as tech stocks led a broad market advance. Oil prices tumbled nearly 5.5% after President Trump called off planned military strikes on Iran and signaled fresh peace talks, easing inflation concerns and lifting sentiment across equities.

Market SnapshotAt Close
S&P 500
7,600
▲ +1.48%
Nasdaq
25,938
▲ +2.13%
Dow Jones
53,178
▲ +1.32%
10Y Yield
4.69%
▼ -5.9 bps
WTI Crude
$79.88
▼ -5.49%
VIX
15.79
▼ -1.25%
Bitcoin
$62,707
▼ -0.62%
What to Watch

→ Palantir (PLTR) earnings after the close Monday—key test for AI infrastructure valuations

→ Tuesday-Wednesday earnings flood: Major tech and industrial names reporting, likely to guide the market's next move

→ Friday's July employment data and unemployment rate—critical for Fed rate-cut timing and macro outlook

Market data may be delayed  ·  For informational and educational purposes only. Not investment advice.
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