Dow Jones Top Markets Headlines at 1 AM ET: Strong Earnings Power Dow to Another Record | Negotiators …

Strong Earnings Power Dow to Another Record

Blue-chip average notches 24th high of the year, while Nasdaq slips.

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Negotiators Close In on Deal With Iran to Open Hormuz

A draft agreement would give Tehran oversight of ships entering the Persian Gulf but wouldn’t let it levy tolls or service fees.

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Trump Has Called Warsh Repeatedly Since He Became Fed Chair

The president has sought Kevin Warsh’s counsel on issues such as how the war in Iran is affecting the economy.

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Scott Bessent’s Yen Trade Has Unintended Consequences for the Markets

The way it’s being done should make us worry that the Federal Reserve is being roped into easing monetary conditions.

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Private-Sector Hiring Missed Expectations in July, ADP Report Says

Private companies added a net 44,000 jobs in July after adding a revised 95,000 jobs in June, human-resources company ADP said.

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Brazil’s Central Bank Cuts Rates as Inflation Eases

The bank’s monetary committee cut the Selic benchmark lending rate to 14% from 14.25%, but indicated that uncertainty around its inflation projections remains higher than usual.

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Home-Building Is Sputtering, but Lumber Prices Haven’t Been So High in Years

Steep duties on Canadian lumber, wildfires and sawmill closures have cut supply and pushed up prices.

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U.S. Crude Oil Inventories Post Weekly Increase

Commercial crude oil stockpiles were up by 2.5 million barrels in the week ended July 31. Inventories were expected to have fallen by 1.2 million barrels.

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U.S. Services-Sector Activity Continued to Expand in July

The Institute for Supply Management’s purchasing managers index for services providers was 54.1 in July compared with 54 in June.

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Treasury Decides Not to Increase Long-Term Bond Issuance Anytime Soon

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U.S. to Halt Key Metal Waste Exports in Push to Break China Reliance

The move comes as Washington races to secure the raw materials that are crucial for defense and other industries.

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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.

(END) Dow Jones Newswires

August 06, 2026 01:15 ET (05:15 GMT)

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