{"id":62711,"date":"2026-06-04T10:38:17","date_gmt":"2026-06-04T14:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dow-hits-record-high-as-fitch-warns-of-oil-driven-growth-slowdown-iran-nuclear-standoff-persists\/62711\/"},"modified":"2026-06-04T10:38:17","modified_gmt":"2026-06-04T14:38:17","slug":"dow-hits-record-high-as-fitch-warns-of-oil-driven-growth-slowdown-iran-nuclear-standoff-persists","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dow-hits-record-high-as-fitch-warns-of-oil-driven-growth-slowdown-iran-nuclear-standoff-persists\/62711\/","title":{"rendered":"Dow Hits Record High as Fitch Warns of Oil-Driven Growth Slowdown; Iran Nuclear Standoff Persists"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average surged 1.6% to a record high of 51,163.64<\/strong>, gaining <strong>790 points<\/strong> even as the Nasdaq and <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> faced opening-bell pressure.<\/li>\n<li><strong>Fitch Ratings revised global growth forecasts downward<\/strong>, citing a deepening <strong>oil crisis<\/strong> that is beginning to weigh heavily on international economic outlooks.<\/li>\n<li><strong>Iran granted access to the Bushehr nuclear facility<\/strong> but continues to stonewall the IAEA regarding enriched uranium stocks, prompting the <strong>U.S. State Department<\/strong> to tighten economic sanctions.<\/li>\n<li><strong>Blackstone (<a href=\"\/stock\/BX\">BX<\/a>) has restricted withdrawals<\/strong> from its flagship fund, signaling renewed liquidity concerns in private asset markets as redemption pressures mount.<\/li>\n<li><strong>The U.S. and Russia are slated to sign a landmark deal<\/strong> tomorrow for a tunnel under the <strong>Bering Strait<\/strong>, a massive strategic infrastructure project announced amid heightened regional tensions.<\/li>\n<\/ul>\n<p>The <strong>Dow Jones Industrial Average<\/strong> reached an all-time high on Thursday, rising <strong>1.6% or 790 points<\/strong> to trade at <strong>51,163.64<\/strong>. This rally occurred despite a mixed start for other major indices, with the <strong>Nasdaq<\/strong> dropping <strong>1.08% (289.39 points)<\/strong> and the <strong>S&amp;P 500<\/strong> sliding <strong>0.37%<\/strong> in early trading. Investors appear to be rotating into blue-chip stocks even as broader market volatility persists.<\/p>\n<p>Global economic sentiment took a hit as <strong>Fitch Ratings<\/strong> officially lowered its world growth outlook. The agency attributed the downgrade to a persistent <strong>oil crisis<\/strong> that is hampering industrial output and consumer spending. <em>Market analysts suggest that if energy prices do not stabilize, further downward revisions to GDP targets may be necessary across the Eurozone and North America.<\/em><\/p>\n<p>On the geopolitical front, the <strong>IAEA<\/strong> reported that while <strong>Iran<\/strong> allowed an inspection of the <strong>Bushehr<\/strong> nuclear plant, it has failed to provide information on other declared nuclear materials. The <strong>U.S. State Department<\/strong> responded by announcing new targets against <strong>Iranian revenue networks<\/strong> and sanctions-evasion channels. Former President <strong>Donald Trump<\/strong> stated he would not accept a &quot;bad deal&quot; with Tehran, emphasizing that Washington maintains significant leverage.<\/p>\n<p>In the Middle East, tensions remain high as <strong>Hezbollah<\/strong> launched rockets at <strong>Metulla<\/strong>, prompting <strong>Israeli<\/strong> air defenses to intercept missiles over <strong>Kiryat Shmona<\/strong>. Despite the hostilities, <strong>Lebanese Prime Minister Najib Mikati<\/strong> stated that negotiations remain the &quot;fastest and least expensive&quot; path for the country. The <strong>European Union<\/strong> has pledged an additional <strong>\u20ac100 million<\/strong> to support the <strong>Lebanese Armed Forces<\/strong> to bolster regional stability.<\/p>\n<p>In the financial sector, <strong>Blackstone (<a href=\"\/stock\/BX\">BX<\/a>)<\/strong> moved to limit redemptions from its flagship fund. This move has revived fears regarding <strong>liquidity in private markets<\/strong>, as investors seek to pull capital amid shifting macroeconomic conditions. Separately, the <strong>EU<\/strong> set a <strong>June 26 deadline<\/strong> for its review of the deal between <strong>Baker Hughes (<a href=\"\/stock\/BKR\">BKR<\/a>)<\/strong> and <strong>Chart Industries (<a href=\"\/stock\/GTLS\">GTLS<\/a>)<\/strong>.<\/p>\n<p>Trade relations between the U.S. and Europe showed signs of progress as <strong>EU Vice President Maro\u0161 \u0160ef\u010dovi\u010d<\/strong> expressed confidence in the <strong>Turnberry Agreement<\/strong>. The deal is expected to establish an <strong>all-inclusive 15% tariff<\/strong> framework. <em>European parliamentarians are anticipated to approve the deal shortly, reinforcing the &quot;a deal is a deal&quot; stance held by Brussels.<\/em><\/p>\n<p>Finally, <strong>North Korean leader Kim Jong Un<\/strong> called for an <strong>&quot;exponential&quot; expansion<\/strong> of the nation&#39;s nuclear arsenal, signaling a major escalation in Pyongyang\u2019s strategic program. Meanwhile, in the U.S. legal system, <strong>Judge Amit Mehta<\/strong> stayed civil lawsuits against <strong>Donald Trump<\/strong> related to January 6. The pause remains in effect pending an appeal regarding <strong>presidential immunity grounds<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The Dow Jones Industrial Average surged 1.6% to a record high of 51,163.64, gaining 790 points even as 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