All three major indices posted record closes as plunging oil prices and hopes for a U.S.-Iran Strait of Hormuz deal fueled broad gains. Tech leaders Palantir and Caterpillar delivered blockbuster earnings, reigniting confidence in AI-driven spending. SpaceX and AMD are set to report after the bell.
→ SpaceX reports Q1 earnings after hours—first results since June IPO; stock trading 17% below opening price but retail buying every day since launch.
→ Advanced Micro Devices earnings due after close amid chip stock rally; sector bouncing back sharply from July weakness amid AI infrastructure expansion.
→ Treasury Secretary Bessent's Iran negotiations rhetoric will be monitored; any escalation could reverse today's oil decline and pressure equities.