Dow Jones Top Markets Headlines at 1 AM ET: U.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away | Hormuz ...

U.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away

U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz "today or tomorrow."

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Hormuz Opening Uncertain After New Strike

A ship moving through the Strait of Hormuz was struck as talks to open the waterway continued.

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Inflation Problem Isn't Only About Energy, Fed's Schmid Says

Kansas City Fed President Jeff Schmid said Tuesday that the Federal Reserve's inflation problem isn't only about energy, and bringing inflation down to the Fed's 2% objective will require tighter policy.

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White House AI Guidelines Exempt U.S. Open Models From Government Review

The new framework, completed in recent days, is seen as most likely to affect OpenAI, Anthropic and Google.

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Even Big Profits Aren't Enough to Keep Chip Investors Happy

The semiconductor index fell into a bear market despite "unprecedented" profit increases.

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Traders are using options to chase a runaway rebound in stocks, pushing the market even higher

Stocks have shot higher over the past four trading sessions, and investors who are worried about missing out are piling into bullish options bets just to try to keep up.

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Stocks face their weakest seasonal stretch. Why extreme investor pessimism could limit any selling.

U.S. stocks are entering what has historically been the weakest stretch of the year, but unusually bearish investor sentiment could help limit any pullback, according to Ned Davis Research.

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Stocks return to record highs. Investors who sat tight during the recent momentum crash are being rewarded.

The S&P 500 booked its 25th record close of 2026, after a 42-day break.

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So what's the plan to bring down inflation? The new Fed chair and his White House allies say you shouldn't ask.

Critics say Kevin Warsh's determination to cool prices gains isn't sufficient.

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U.S. Trade Deficit Contracted in June

U.S. imports totaled $388 billion in June, down 1.8% from May, while exports were $314.7 billion, down 0.9% from May. That yielded a trade deficit of $73.3 billion versus $77.6 billion in May.

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Canada Goods-Trade Surplus Widens Slightly With Record Exports, Imports

Canada's trade surplus with the world hit a four-year high as exports rose for a fifth straight month to reach a fresh peak, buoyed by a surge in gold shipments that helped counter a pullback in oil prices and all-time high imports.

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Developing Economies Have More to Gain and Less to Lose From AI, Says World Bank

Relatively simple AI tools can help developing economies boost economic growth, but they risk becoming dependent on the U.S. or China if not careful, the World Bank said.

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Only the Bank of Japan Can Arrest the Yen's Decline

Higher interest rates are needed to address a growing yield gap with the U.S.

(END) Dow Jones Newswires

August 05, 2026 01:15 ET (05:15 GMT)