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August 5, 2026

Profits keep piling up for Palantir and others

By STAN CHOE
AP Business Writer

NEW YORK — The U.S. stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.

The S&P 500 shot up 1.8%, and the main measure of Wall Street’s health topped its prior all-time high set a couple months ago. The Dow Jones Industrial Average added 907 points, or 1.7%, to its own record set the day before, while the Nasdaq composite jumped 2.6%.


 
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