Wall Street Closes Near Record Highs

2026-08-05 20:12 By Isabela Couto 1 min. read

US stocks closed near record levels on Wednesday as an improving macroeconomic backdrop and strong corporate earnings supported sentiment.

The S&P 500 inched down 0.2%, closing near yesterday's record.

while the Dow added 263 points to reach a record 54,349.

Crude oil prices extended their decline after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, while US officials signaled progress in talks aimed at restoring trade flows through the region, easing concerns over energy-driven inflation.

Credit sensitive sectors, including major banks, outperformed.

Arista Networks rose 3.6% after reporting stronger-than-expected revenue.

Eli Lilly gained 4.9% after beating revenue estimates and raising its full-year guidance.

In contrast, the Nasdaq slipped 0.8%.

SpaceX slumped 13.6%, giving back the previous session's gains, while AMD dropped 7% despite doubling data center revenue.



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