As of Tuesday, August 4, 2026 (4:00 PM ET close), the S&P 500 closed at 7,736.52 (per public.com realtime index print), up +1.79% on the session versus Monday's 7,600.50 yfinance close — a fresh all-time high and the first record close since June 2, 2026. The Tuesday tape was a mega-cap tech continuation + Iran/Hormuz reopening relief bid — XLK +4.64%, QQQ +3.11%, IWM +1.93%, XLI +2.04%, XLF +1.03% all positive, while energy lagged on Hormuz reopening hopes (XLE -0.27%; USO -10.8% Friday-to-Tuesday). Drivers: the Palantir Q2 blowout (revenue +93% YoY), the AMD Q2 beat just reported after the close, and a US-Qatar signal of progress on a ceasefire and Strait of Hormuz reopening (per The Guardian). The 1-month 7,650 target was decisively broken (+1.13% above); the 3-month 7,750 target is in striking distance (+0.17% below). New targets: 1-month 7,800, 3-month 7,900, year-end 8,000. Next catalysts: ISM Services PMI + ADP Employment Wednesday, July jobs report Friday (8:30 AM ET, consensus ~110K per Capital Economics).