After Wednesday's 1,153-point drop, will the Dow close higher on Monday, August 3, than on Friday, July 31?
100% of users predicted YES — the community got this one right. 3 predictions cast.
The Dow Jones Industrial Average closed at a record high of 53,178.41 on Monday, August 3, 2026, up 693.38 points (1.32%) on the day -- comfortably higher than its close the previous Friday, July 31. The rally came just three trading sessions after the index had plunged 1,153 points on July 29, its worst single-day drop since April 2025.
The July 29 selloff was triggered by escalating Middle East tensions after Iran's Revolutionary Guard launched missiles at a U.S. military base in Jordan, sending oil prices sharply higher and rattling markets already on edge about inflation and interest rates. By August 3, easing signs around U.S.-Iran tensions pulled oil prices and Treasury yields back down, fueling a broad rally led by technology stocks including Amazon, Meta, Nvidia, Alphabet, and Microsoft.
The swing illustrated how sensitive markets remained to Middle East developments throughout late July and early August, with each escalation or de-escalation signal producing outsized single-day moves in equities and commodities alike.
The community was unanimous in predicting the Dow would close higher on August 3 than July 31, and the outcome confirmed that call.