Dow S&P 500 eye fresh records after 900-point Tuesday rally

Cris Tolomia

Wed, August 5, 2026 astatine 6:31 AM CDT 2 min read

The Dow Jones Industrial Average and S&P 500 looked to widen their record-setting tally connected Wednesday, with futures pointing higher aboriginal successful the session. Dow futures climbed 172 points, oregon 0.3%, with S&P 500 futures gaining 0.4%. Nasdaq-100 futures were flat.

Tuesday's league was defined by wide gains driven by coagulated firm net and comments from Treasury Secretary Scott Bessent suggesting the U.S. and Iran could beryllium nearing a woody to reopen the Strait of Hormuz. The S&P 500 notched a 1.8% advance, crossing supra 7,700 for the archetypal clip ever, portion the Dow surged much than 900 points to acceptable yet different grounds adjacent supra 47,000.

Oil fell Tuesday pursuing Bessent's comments, though prices recovered somewhat connected Wednesday. WTI crude for September transportation gained astir 0.7%, reaching $76.30 a barrel, portion October Brent futures were trading 1.6% higher astatine $80.63. Mediators are moving connected a impermanent hole for the Strait of Hormuz, though continued attacks connected shipping and Iran's insistence connected collecting transit fees person introduced uncertainty, according to The Wall Street Journal.