The Dow Jones Industrial Average reached a new all-time intraday high on August 26, 2024, driven by a rally fueled by the Federal Reserve's actions. The index closed at a record high, marking its first record close since July 17. The rally saw 23 Dow stocks rise, with American Express (AXP), Dow Inc. (DOW), and Chevron (CVX) leading the gains, while Intel (INTC), Nike (NKE), and Boeing (BA) lagged behind. The market's upward momentum was attributed to positive sentiments following comments from the Federal Reserve chair, which added 'oxygen' to the markets. Despite the Dow's record performance, the Nasdaq experienced a decline as oil and gold prices surged.