Dow Hits 54,349 Record as Mideast Hopes Lift Industrials, Nasdaq Slips 0.8%
The Dow Jones Industrial Average closed at a record 54,349.06 on August 5, buoyed by a potential Iran-Oman peace deal that eased rate-hike fears. In contrast, the Nasdaq fell 0.8% as SpaceX’s 13.6% post-earnings plunge and an AMD drop underscored mounting skepticism about sustained AI spending.
Source: freemalaysiatoday.com · businesstimes.com.sg