# US stocks retreat after record run as oil prices rebound

2026-08-06T21:41:33+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

US stocks closed lower on Thursday after the Dow and S&P 500 reached records earlier in the week. The Dow fell 453.64 points, or 0.83%, to 53,895.48. The S&P 500 dropped 0.18% to 7,709.99, while the Nasdaq slipped 0.04% to 26,352.45, The Economic Times reports. Investors assessed company earnings and watched for progress in peace talks between the US and Iran. Oil prices rose, with Brent crude up 3.83% at $82.49 a barrel and US crude gaining 2.75% to $77.29. Earnings remained supportive, with 84.8% of 382 S&P 500 companies beating analyst forecasts, according to LSEG data. Earlier in the week, The Hindu reported a sharp rally as strong profits and lower oil prices lifted stocks.

## Coverage

- thehindu.com <https://www.thehindu.com/business/markets/us-stocks-leap-toward-record-as-profits-keep-piling-up-oil-prices-ease/article71307016.ece>
- economictimes.indiatimes.com <https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-dow-sp-slip-as-investors-eye-mideast-talks-earnings/articleshow/133015453.cms>

Tags: Artificial intelligence, corporate earnings, inflation, Oil prices, US markets
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