Wall Street Stocks Touch Records on Upbeat Earnings, Dip in Oil
- European and US stocks advanced Tuesday as investors weighed robust first-quarter corporate earnings against uncertainty surrounding the fragile US-Iran ceasefire.
- The ceasefire remains under pressure as US and Iranian forces traded fire Monday, vying for control of the crucial Strait of Hormuz.
- Strong profits from companies like DuPont rallied 7.6% and Pinterest soared 10%, helping investors overlook logistics disruptions in the Middle East caused by conflict.
- US military leaders stated Tuesday that the ceasefire remains in effect, though Defense Secretary Pete Hegseth warned Iranian attacks would face "overwhelming and devastating American firepower."
- Market momentum persists despite ongoing conflict risks; investors continue watching the Persian Gulf for signs of further escalation amid the fragile ceasefire.
70 Articles
70 Articles
Stock Market Today, May 5: Stocks Rebound as U.S.-Iran Truce Holds
The S&P 500 (SNPINDEX:^GSPC) rose 0.81% to 7,259.22, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 1.03% to 25,326.13, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.73% to 49,298.25 as easing oil prices helped major indexes set new highs.Market moversChip strength led the tape as Micron (NASDAQ:MU) surged 11% on demand for its new high-capacity SSDs that started shipping today. Advanced Micro Devices (NASDAQ:AMD) gained on stro…
Stocks Rise to Record and Oil Falls as Truce Holds: Markets Wrap
(Bloomberg) -- Relative calm returned to global markets, with stocks rising and oil falling as signs that a US-Iran ceasefire is still in place reduced fears about a full-scale war that could hamper the economic outlook.
US stocks rally toward records after oil prices ease
NEW YORK (AP) — The U.S. stock market is rallying toward records Tuesday after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing. The S&P 500 rose 1% and was on track to top its all-time high set at the end of last week. The Dow Jones Industrial Average was up 379 points, or 0.8%, with less than an hour remaining in trading, and the Nasdaq composite was heading toward its own record afte…
Sydney Morning Herald
Banks, miners drive ASX higher on Iran hopes; Oil slides
The Australian sharemarket has made a bright start to the session, following Wall Street higher, on rising hopes that the US and Iran can agree to a peace deal to end the conflict in the Middle East.
Daily Journal
US stocks climb toward records as oil prices fall and earnings beat forecasts
The U.S. stock market is rising toward records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing. The S&P 500 climbed 0.8% Tuesday and is on track to…
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