Dow Jones Index Hits a Record High, Bessent Says an Agreement on the Strait of Hormuz May Be Reached
2026-08-05 01:30:39
According to CoinMeta, the U.S. stock market saw a significant rise on Tuesday, with the Dow Jones Industrial Average increasing by 1,035 points, or 2%, setting a new high for the second consecutive trading day, driven mainly by strong corporate earnings and falling oil prices. The S&P 500 index rose by 1.8%, reaching its highest level since June, while the Nasdaq Composite Index increased by 2.5%. Bessent stated, "We are in negotiations with Iran," and added, "We may reach an agreement today or tomorrow to open the Strait of Hormuz, moving towards a more normalized situation."
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Source:Internet
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