Stocks are surging to fresh records as the US says a deal is close to reopen the Strait of Hormuz0

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• August 4, 2026

A fresh risk-on rally pushed stocks to records on Tuesday. US stocks have clawed their way back to records after a volatile rotation in the AI trade sent investors on a roller coaster ride in July. The Dow Jones Industrial Average and S&P 500 broke through to new highs as traders were encouraged by Treasury