Dow surges nearly 700 points for record close as Big Tech stocks rise, oil prices slide

• The Dow Jones Industrial Average closed at a record high, gaining nearly 700 points (+1.32%).
• Big Tech stocks like Amazon (AMZN) and Microsoft (MSFT) saw substantial post-earnings rallies, with both up over 20% in the past five trading sessions.
• The S&P 500 rose 1.5% and the Nasdaq Composite was the 'big winner,' climbing over 2%.

The financial markets experienced broad gains, with the Dow Jones Industrial Average surging nearly 700 points to close at a record high. This rally was primarily driven by significant increases in Big Tech stocks, such as Amazon and Microsoft, which continued their post-earnings momentum, while oil prices simultaneously declined.