US Stocks Finish Lower

2026-05-07 20:12 By Luisa Carvalho 1 min. read

US stocks fell from records on Thursday, as investors watched for Iran's response to the US peace proposal that could pave the way for the Strait of Hormuz to reopen.

The Dow lost 0.6%, pulling back from the 50,000 mark, while the S&P 500 and Nasdaq fell 0.4% and 0.1%, respectively, easing off record highs.

Iran was still reviewing the memorandum sent by the US aimed at ending the conflict and restoring tanker traffic through the strait.

Meanwhile, recent reports indicated that Washington was considering restarting an operation to help secure commercial shipping routes.

Amazon lost 1.3% among equities, while chipmakers AMD (-3.1%), Intel (-3%), Micron (-3%), and Broadcom (-2.9%) also retreated following a recent rally.

McDonald's fell 0.1% despite beating earnings estimates.

In turn, Fortinet was among the top gainers, surging 20% after lifting its full-year billings outlook.

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



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The Dow Jones Index Closes 0.68% Lower
The Dow Jones Index decreased 337 points or 0.68 percent on Thursday to close at 49573 points. The decline was led by Caterpillar (-3.34%), JPMorgan (-2.73%) and 3M (-1.90%). On the upside, the strongest performers were Salesforce (3.34%), IBM (2.45%) and Nvidia (1.80%).
2026-05-07
US Stocks Finish Lower
US stocks fell from records on Thursday, as investors watched for Iran's response to the US peace proposal that could pave the way for the Strait of Hormuz to reopen. The Dow lost 0.6%, pulling back from the 50,000 mark, while the S&P 500 and Nasdaq fell 0.4% and 0.1%, respectively, easing off record highs. Iran was still reviewing the memorandum sent by the US aimed at ending the conflict and restoring tanker traffic through the strait. Meanwhile, recent reports indicated that Washington was considering restarting an operation to help secure commercial shipping routes. Amazon lost 1.3% among equities, while chipmakers AMD (-3.1%), Intel (-3%), Micron (-3%), and Broadcom (-2.9%) also retreated following a recent rally. McDonald's fell 0.1% despite beating earnings estimates. In turn, Fortinet was among the top gainers, surging 20% after lifting its full-year billings outlook. Citi gained 1% after announcing a $30 billion share buyback.
2026-05-07
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.
2026-05-07