ASX set for flat start, Wall Street rallies on falling oil prices; Amazon hits $US3tr valuation, Boeing jumps

US stocks rallied the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse.

U.S. stocks rallied to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse

US stocks are rallying to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse.

Wall Street rallies to kick off August on Iran talks optimism  Reuters

Falling oil prices help calm worries about inflation, and Wall Street rallies  AP News

FILE PHOTO: Amazon logo outside an Amazon warehouse in Manchester, Britain, October 28, 2025. REUTERS/Phil Noble/File Photo 03 Aug 2026 09:45PM (Updated: 03 Aug 2026 09:48PM) Aug 3 : Amazon touched a $3 trillion market capitalization for the first time on Monday, joining a handful of Wall Street giants at the top as a

The Philadelphia Stock Exchange Semiconductor Index, or SOX, plunged 21% in July for its worst month since October 2008.

Revenue fell to $1.2 billion, below Wall Street's $1.3 billion forecast, as a crypto market downturn weighed on trading activity

Amazon and chipmaker stocks drive U.S. markets higher despite rising oil prices and inflation worries.