US Stocks Ease from Records

2026-05-07 17:01 By Andre Joaquim 1 min. read

US stocks swung lower on Thursday, trimming the sharp gains that culminated in records last session as markets awaited for clarity on energy supply from the Middle East.

The Dow lost 0.5% after briefly crossing the 50,000 mark, while the S&P 500 and Nasdaq eased off their records.

Iran continued to assess the memorandum sent by the US to end their war and restore tanker flows through the Strait of Hormuz.

The possibility of a restart in energy flows from the area drove prices for major energy commodities to tumble in the week, aiding the bond market and pushing back against expectations of rate hikes by the Fed.

Chip producer pulled back as markets took profits from their surge last session, with Micron, AMD, and Lam Research dropping around 4%.

In turn, McDonald's fell to its lowest in over one year despite beating earnings estimates.

Also, Citi gained 1% after announcing a $30 billion share buyback.



News Stream
US Stocks Ease from Records
US stocks swung lower on Thursday, trimming the sharp gains that culminated in records last session as markets awaited for clarity on energy supply from the Middle East. The Dow lost 0.5% after briefly crossing the 50,000 mark, while the S&P 500 and Nasdaq eased off their records. Iran continued to assess the memorandum sent by the US to end their war and restore tanker flows through the Strait of Hormuz. The possibility of a restart in energy flows from the area drove prices for major energy commodities to tumble in the week, aiding the bond market and pushing back against expectations of rate hikes by the Fed. Chip producer pulled back as markets took profits from their surge last session, with Micron, AMD, and Lam Research dropping around 4%. In turn, McDonald's fell to its lowest in over one year despite beating earnings estimates. Also, Citi gained 1% after announcing a $30 billion share buyback.
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US stocks were mostly higher on Thursday, maintaining the sharp gains from the week amid strong earnings while markets awaited for clarity on energy supply from the Middle East. The Dow rose past 50,000 for the first time since its peak in February, while the Nasdaq 100 and S&P 500 remained at record highs. Iran continued to assess the memorandum sent by the US to end their war and restore tanker flows through the Strait of Hormuz. The possibility of a restart in energy flows from the area drove prices for major energy commodities to tumble in the week, aiding the bond market and pushing back against expectations of rate hikes by the Fed. McDonald's gained 2%after posting strong earnings, aligned with the optimistic guidance by DoorDash. Also, Fortinet gained 15% after its report. Meanwhile, chip stocks were muted following their surge yesterday, with AMD flat after its guidance-fueled 19% surge last session. Also, Citi gained 1.5% after announcing a $30 billion share buyback.
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