Washington (United States) (AFP) – The New York Stock Exchange ended strongly on Tuesday and two of its flagship indices reached a new high thanks to a cocktail of good news on oil prices and corporate results.
Published on: 04/08/2026 - 22:29
Already at a historic high the day before, the Dow Jones gained 1.71% to 54,085.88 points. The broader S&P 500 index gained 1.79% to 7,736.52 points, surpassing its previous record from early June and the Nasdaq index jumped 2.59%.
Today's session "perfectly illustrates the way in which the markets react when a member of this administration (American, editor's note) makes a statement concerning the Strait of Hormuz", comments Art Hogan, analyst at wealth manager B. Riley Wealth Management, to AFP.
US Secretary of State Marco Rubio on Tuesday highlighted "progress" in negotiations with Iran and Oman, whose coasts border the strait.
For his part, Finance Minister Scott Bessent spoke on CNBC of an agreement "today or tomorrow (Wednesday)" to "reopen" this strategic passage.
“These statements brought down crude oil prices and interest rates, with market participants revising upwards their forecasts regarding oil supply while reducing their inflation expectations and the likelihood of a Fed rate hike,” the American central bank, underlines Jose Torres, of the Interactive Brokers platform.
The yield on American government bonds maturing ten years thus eased significantly, to 4.61% around 8:20 p.m. compared to 4.68% at the close on Monday, while remaining much higher than before the war.
The barrel of Brent, the international benchmark for oil, has fallen back below the $80 mark.
SpaceX and AMD in the viewfinder
These developments relieve investors, with Art Hogan evoking a “more serene climate” on the American market.
They also allow the market to focus more broadly on businesses.
“We have delivered spectacular quarterly results so far, one of the best seasons we have had in years, despite very high expectations,” notes Mr. Hogan.
Data analysis group Palantir jumped 29.64%, driven by better-than-expected performance and an increase in its annual forecasts.
Snap, parent company of the social network Snapchat, also benefited from the same enthusiasm, gaining 14.88% by doing better than expected from April to June.
The market propelled Wayfair (+30%) for the same reasons and also sought after Whirpool (+13.87%) despite the latter's disappointing quarter.
Wall Street was also preparing to receive the results of several heavyweights on Tuesday evening.
Those of SpaceX aroused strong expectations because they are the first of Elon Musk's group since its record IPO in June.
The company, valued at around $1.5 trillion, must demonstrate that the promises sold to investors - dominating artificial intelligence (AI), sending data centers into orbit, colonizing Mars - will turn into revenue.
Its turnover practically doubled its second quarter revenues, compared to the previous year, according to its press release published after the close of Wall Street.
The results of chip giant AMD are also eagerly awaited due to the many questions in recent months surrounding artificial intelligence players.
The company "is well positioned to become the second in the GPU sector", these processors considered to be the most efficient for the development of AI, underlines Paul Meeks, of Freedom Capital Markets.
First place still goes to Nvidia.
© 2026 AFP
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