US Stocks Ease from Records

2026-05-04 13:35 By Andre Joaquim 1 min. read

US equities inched down from records on Monday as escalation to the conflict with Iran risked higher energy prices for longer.

The S&P 500 and the Nasdaq 100 dropped 0.3% from their peaks, while the Dow lost nearly 200 points.

Tehran stated that two US warships were hit after President Trump had announced the US would escort commercial vessels through the Strait of Hormuz, although the attack reports were denied by US officials.

The upside inflation risks deepened as prices for main energy commodities rose further, adding to the likelihood of a restrictive Federal Reserve following the multiple hawkish dissents last week.

Tech giants, which are more sensitive to swings in risk sentiment due to the speculative bets on AI, were firmly lower with Tesla, Meta, and Alphabet dropping up to 1%.

Also, Visa, JPMorgan, and Goldman Sachs inched down on higher long-yields In turn, Berkshire Hathaway dropped despite higher revenues, and Palantir was up 3% ahead of its earnings after the bell.



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