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The Nexus
BUSINESSAug 4 · 14:44 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

US stocks head toward a record as profits keep piling up and oil prices ease

US stocks are approaching record highs as companies report strong profits and oil prices decline. The S&P 500, Dow Jones, and Nasdaq all rose significantly, driven by surging earnings from firms like Palantir Technologies and Caterpillar, which cited AI-related demand and record sales. Oil prices dropped amid uncertainty over the Iran conflict, though analysts caution against overconfidence.

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Mentioned
Palantir TechnologiesorganizationCaterpillarorganizationAlex KarppersonJoe CreedpersonMcDonald'sorganizationS&P 500organizationDow Jones Industrial AverageorganizationNasdaq CompositeorganizationBrent crudetopicArtificial IntelligencetopicWells Fargo Investment InstituteorganizationTony Mianoperson
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US stocks head toward a record as profits keep piling up and oil prices ease · The Nexus