Nasdaq Rises Over 1% for Fourth Straight Day, 18th Time in History; Dow and S&P Hit Records
On August 4, the Dow Jones Industrial Average and the S&P 500 both closed at record highs, while the Nasdaq Composite rose for a fourth consecutive session by at least 1%, marking the 18th such streak in its history. The Nasdaq closed at 26,584.99, about 2% below its record close of 27,093.90 set on June 2. Falling oil prices and strong earnings from Caterpillar and Palantir boosted market sentiment.
On August 4, the Dow Jones Industrial Average and the S&P 500 both closed at all-time highs. The Nasdaq Composite did not set a new record that day, but it rose more than 1% for a fourth consecutive trading session, marking the 18th time in its history that it has posted gains of at least 1% for four straight days. The Nasdaq closed at 26,584.99 points, approximately 2% below its record closing high of 27,093.90 points set on June 2.