The Dow closed at a RECORD 53,178 after oil collapsed over five percent, Palantir exploded higher after the bell, and a reported $400 billion drug merger crushed one of Europe's biggest drugmakers.

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Tuesday, August 4, 2026 breakdown:

⛽ Trump called off planned strikes on Iran and restarted talks on reopening the Strait of Hormuz. September WTI settled down 5.1% at $80.34, Brent down 4.7%. The 10-year Treasury yield fell about 7 basis points to 4.68%.

📈 Dow record close 53,178 (+1.32%). S&P 500 +1.48% to 7,600. Nasdaq led +2.13%. Amazon +4.6% and crossed $3 TRILLION in market value for the first time. Meta +6%, Oracle ~+9%, Microsoft and Alphabet near +5%. Apple was the exception at -1.8%.

🚀 Palantir revenue +93%, U.S. commercial revenue +149%, guidance raised. Closed $125.65, then +13% to 15% after hours. Watch whether that gain holds at the open. Valuation is the risk — expectations just reset higher.

💊 After an FT report of merger talks with Bristol Myers Squibb, AstraZeneca's London listing closed down ~9%, its worst day since 2020. Bristol Myers spiked premarket then finished flat. Unconfirmed, and any deal faces heavy antitrust review.

🥇 Gold near $4,033, silver near $57 as the war premium drained.

₿ Bitcoin near $63,500 (+1.6% / 24h), Ether near $1,854, XRP near $1.07. Cardano was the standout at roughly +6.6% ahead of August 9, when its futures complete a six-month window opening a faster spot ETF path. Eligibility is not approval.

👀 Next up: AMD and SpaceX earnings after today's close, then Friday's July jobs report. September rate-hike odds near two-thirds.

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⚠️ DISCLAIMER: I'm not a licensed financial advisor. This is for educational purposes only and not financial or investment advice. Markets and crypto are volatile, never invest more than you can afford to lose, do your own research!

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