Market 08/03: US Stocks Close to All Time High

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Key takeaways:

• US cancels weekend strikes, Iran denies talks

• 5.7 million barrels of oil exit Hormuz, OPEC increases output

• New York Fed President Williams: Predicts inflation will ease

• South Korean investors net sell, foreign investors buy the dip

• July ISM manufacturing PMI hits 4-year high

• June construction spending missed forecasts

• The White House finalizes AI oversight framework

• MSTR sells 1,637 BTC to raise $105 million

• GameStop converts $1.4 billion of bonds into stock

• Market: Big tech carries SPX close to ATH