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Dow and S&P 500 break records on Caterpillar and Palantir earnings, but skeptics question the rally

Dow and S&P 500 hit record closes on strong earnings from Caterpillar and Palantir, but Wall Street strategists warn the rally may lack solid footing.

August 5, 2026

Dow and S&P 500 break records on Caterpillar and Palantir earnings, but skeptics question the rally