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US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq

Wordupnews.com·August 6, 2026·1 min read
US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq

AI Summary

The Dow Jones Industrial Average reached a record high amid optimism for a peace deal involving Iran. In contrast, the Nasdaq experienced its first decline in five days, influenced by disappointing quarterly earnings from SpaceX and AMD.

From the source

The Dow closed at a record on Wednesday on signs of progress for a peace deal with Iran, while the Nasdaq saw its first decline in five sessions as SpaceX and AMD stumbled following their quarterly earnings. A proposed deal between Iran and Oman would give Te…

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