S&P 500 & Nasdaq Hit New Records

2026-05-05 20:11 By Anna Fedec 1 min. read

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.



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