Dow Hits a Record as Big Tech and a Falling Iran Risk Premium Power a Broad-Based Rally
The Dow closed at a record 53,178.41 as a falling Iran risk premium sank oil nearly 6% and strong ISM manufacturing data lifted the S&P 500 1.48% and Nasdaq 2.13%. Amazon topped a $3 trillion market cap, AstraZeneca slid on merger-talk reports, and Palantir and AMD earnings loom this week.