US Stocks Retreat Further

2026-05-04 16:30 By Andre Joaquim 1 min. read

US equities fell further 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 0.5% from their peaks, while the Dow lost 400 points.

The UAE was under missile threat for the first time since the US imposed a ceasefire, while both the US and Iran denied each other's claims of attacks on the US navy and US commercial vessels making it out of the Persian Gulf.

Inflation concerns deepened as energy prices rose further, adding to the likelihood of a restrictive Federal Reserve following the multiple hawkish dissents last week.

AI infrastructure companies, which are more sensitive to swings in risk sentiment due to the speculative bets on AI, were firmly lower with Nvidia, Broadcom, AMD, Qualcomm, and Intel sliding between 1.5% and 6%.

In turn, Berkshire Hathaway dropped despite higher revenues in its first quarter without Warren Buffet.

Palantir gained 1% ahead of its earnings after the bell.



News Stream
US Futures Gain on Iran Deal Hopes
US stock futures advanced on Wednesday as optimism grew that a deal with Tehran could be within reach, after Washington declared an end to offensive operations against Iran, reaffirmed the ceasefire, and temporarily halted efforts to assist stranded vessels in exiting the Strait of Hormuz. Futures tied to the S&P 500 and Nasdaq 100 climbed 0.4% and 0.8%, respectively, while Dow futures edged up 0.2%. In extended trading, Advanced Micro Devices surged more than 16% after posting stronger-than-expected first-quarter earnings and revenue, along with an upbeat outlook for the current quarter. Super Micro Computer also jumped 18% following robust profit guidance, whereas Arista Networks slid nearly 12% after falling short of margin expectations. Investors now turn to another batch of earnings due Wednesday, including reports from AppLovin, Walt Disney, Uber, CVS Health, and DoorDash. Market participants will also monitor the release of ADP’s private payrolls report for April.
2026-05-06
The Dow Jones Index Closes 0.73% Higher
The Dow Jones Index went up by 357 points or 0.73 percent on Tuesday to close at 49299 points. The rise was led by Caterpillar (3.34%), Apple (2.66%) and Cisco Systems (1.79%). On the downside, the weakerst performers were UnitedHealth (-1.86%), Visa (-1.41%) and Walt Disney (-1.16%).
2026-05-05
S&P 500 & Nasdaq Hit New Records
US equities climbed to new highs on Tuesday, buoyed by corporate results and retreat in energy prices that eased concerns about a sharper uptick in inflation this year. The S&P 500 gained 0.8% and the Nasdaq advanced 1.2%, both reaching record levels, while the Dow closed up 0.8%. Oil eased after Defense Secretary Hegseth stated that the ceasefire with Iran is still holding, despite attacks targeting the UAE this week. The JOLTS reflected a robust labor market in March and strong ISM results, including surging prices, aligned with arguments from hawkish Fed dissenters. Intel surged 14% on reports that it may produce processors for Apple devices while Micron climbed 11% after announcing that its highest capacity solid-state drive has started to ship. Amazon also gained on fresh additions of logistics and distribution. In turn, Palantir dropped 7% after missing the market's ambitious guidance estimates, and AMD sank ahead of its results after the bell.
2026-05-05