The Globe and Mail reports in its Thursday, Aug. 6, edition that the Dow closed at a record although United States stocks were mixed, as investors digested further signs of progress for a peace deal with Iran.
A Reuters dispatch to The Globe reports that the Dow Jones Industrial Average rose 263.18 points, or 0.49 per cent, to 54,349.06, the S&P 500 lost 13.00 points, or 0.17 per cent, to 7,723.52 and the Nasdaq Composite lost 221.55 points, or 0.83 per cent, to 26,363.44.
Elon Musk-led SpaceX's revenue nearly doubled and operating losses narrowed in its first earnings report since going public, fuelled by its booming Starlink satellite communications and AI businesses, but shares tumbled 13.6 per cent on concerns about how long the company could maintain spending on AI-related investments such as data centres. Shares could face additional pressure from the expiry of the stock's post-IPO lockup period starting on Thursday.
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