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Informist, Tuesday, Aug. 4, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US mkts cheer W Asia war de-escalation, Dow Jones hits new high

 

MUMBAI--0701 IST--Major US indices closed higher Monday as signs of de-escalation in the West Asia war lifted sentiment. Positive expectations for corporate earnings due this week also supported market sentiment. Barring the shares of Apple, all the other magnificent seven stocks posted gains. Amazon breached the $3 trillion level in market capitalisation and shares of the company closed around 5% higher. The Dow Jones Industrial Average hit a fresh high Monday, and it closed above the 53000 mark for the first time in 19 trading sessions. The Nasdaq Composite and the S&P 500 closed 2% and 1% higher, respectively. 

 

Among the 11 major sectoral indices, the S&P 500 Communication Services was the best performer, which closed over 4% higher. Gains in major movers such as Meta Platforms and Alphabet boosted the index; both closed more than 6% and 4% higher, respectively. Of the S&P 500 companies, 304 companies reported their earnings and showed a 29.3% growth, according to a Reuters report.  

 

Ahead of earnings for the quarter ended June, SpaceX ended 5% up and those of Caterpillar around 2%, while those of McDonald's closed 2% lower. Shares of Bristol Myers Squibb closed slightly higher after a report suggested that the company is in talks for a merger with UK drugmaker AstraZeneca. The deal could value the companies together at around $400 billion.

 

Following were the closing levels of major US indices Monday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53178.41	1.3
NASDAQ Composite	25913.90	2.1
S&P 500	7600.5	1.5

 

(Deesha Jadhav)

 

US$1 = INR 95.34

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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