S&P 500 and Nasdaq 100 Rise to Record
2026-05-05 13:38
By
Andre Joaquim
1 min. read
US equities rose to fresh peaks on Tuesday as a pullback in energy prices tamed yesterday's risk of more aggressive inflation this year.
The S&P 500 and the Nasdaq 100 rose 0.7% to record highs, and the Dow rose 0.5%.
Oil and product prices eased as the strikes between Iran against the US and UAE yesterday did not result in all-out attacks against Iranian energy infrastructure, preventing the worsening of an already serios energy shock for economies that import from the Middle East.
High energy costs had already driven bets of a Fed hike this year, as broad inflation combines with a strong labor market.
Pfizer was 1% higher after posting their results.
Also, Intel gained over 4% on reports that it may produce processors for Apple devices.
Amazon also gained on fresh additions of logistics and distribution services.
In turn, Palantir dropped 3% after missing the market's ambitious guidance estimates, and AMD sank ahead of its results after the bell.