Nasdaq 100 and S&P 500 Extend Record Highs

2026-05-05 14:18 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.

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.

Amazon also gained on fresh additions of logistics and distribution.

In turn, Palantir dropped 3% after missing the market's ambitious guidance estimates, and AMD sank ahead of its results after the bell.



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