Dow jumps 658 points to a record as S&P 500 nears all-time closing high and oil prices fall
Major U.S. stock indexes advanced, with the S&P 500 up 0.6% and nearing its all-time closing high, while the Dow rose 658 points (1.2%) to a record and the Nasdaq gained 1.1%. Palantir surged after reporting 93% year-over-year revenue growth, and Caterpillar climbed after quarterly sales topped $20 billion for the first time and results beat expectations. The gains were driven by strong earnings among index constituents, underscoring how improving corporate fundamentals can lift broad benchmarks.
