U.S. stocks are rallying to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse. The S&P 500 jumped 1.5% Monday and is just 0.1% below its record set earlier this summer. The Dow Jones Industrial Average added 649 points, and the Nasdaq composite climbed 2.2%. Brent crude's price fell 5% after President Donald Trump said he would hold off on ordering new strikes against Iran. That helped Treasury yields to fall in the bond market. Stocks of airlines and other companies with big fuel bills rallied.
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A person walks past an electronic board showing Japan's Nikkei index at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
People walk past an electronic board showing Japan's Nikkei index at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
A person walks past an electronic board showing the U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
A person walks past an electronic board showing the U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
A person walks past an electronic board showing Japan's Nikkei index and U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
U.S. stocks rose to the finish of a wild July as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation. The S&P 500 climbed 0.7% Friday after veering between gains and losses through the day. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite jumped 1%. Amazon soared after delivering a stronger profit for the spring than analysts expected, suggesting its big AI investments may be paying off. Apple dropped after giving a lackluster forecast for upcoming revenue growth. Treasury yields climbed as worries built in the bond market about inflation potentially remaining high.
An employee walks past near the screen showing the SK Hynix stock price at a dealing room of Hana Bank in Seoul, South Korea, Friday, July 31, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Friday, July 31, 2026. (AP Photo/Lee Jin-man)
A person walks past an electronic board showing Japan's Nikkei index at a securities firm Friday, July 31, 2026. (AP Photo/Eugene Hoshiko)