Stock market today: Nasdaq, S&P 500, Dow climb on rising hopes for Iran peace, upbeat tech earnings

2 days ago 2

Updated Wed, May 6, 2026 astatine 5:08 AM CDT 1 min read

Wall Street banal futures climbed connected Wednesday arsenic investors weighed signs that the US and Iran whitethorn beryllium closing successful connected a bid woody and a coagulated net play for tech companies continued.

Nasdaq 100 futures (NQ=F) jumped 1.1%, portion those connected the S&P 500 (ES=F) roseate 0.7%. Contracts connected the Dow Jones Industrial Average (YM=F), which includes less tech stocks, enactment connected 0.8%, pursuing caller grounds closes for Wall Street stocks.

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Investors were assessing an Axios study that the US believes it’s adjacent to an statement with Iran connected a one-page memo to extremity their war. Optimism for a Middle East bid woody had already got a boost from President Trump’s abrupt intermission connected the US program to assistance ships transit the Strait of Hormuz.

Upbeat tech net were besides buoying markets, arsenic chipmaker Advanced Micro Devices (AMD)stock surged 18% aft upbeat net and existent 4th forecast. Meanwhile, Super Micro Computer (SMCI) rallied 17% pursuing stronger-than-anticipated quarterly guidance.

Upbeat capitalist sentiment has been supported by a dependable watercourse of net beats. Roughly 85% of reporting S&P 500 companies person exceeded nett expectations, portion astir 77% person delivered upside gross surprises.

Jobs information has been successful absorption this week. Tuesday saw the merchandise of the JOLTS report, and Wednesday’s backstage employment study from ADP volition follow. April’s layoff announcement information from the outplacement steadfast Challenger, Gray & Christmas volition onshore Thursday.

Looking ahead, net proceed to rotation done with Novo Nordisk (NVO), The Walt Disney Company (DIS) and Uber (UBER) each reporting earlier the marketplace opens Wednesday.

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Samsung hits $1 trillion valuation amid booming AI representation spot demand

Memory shaper Samsung Electronics (005930.KS) has joined TSMC (2330.TW, TSM) successful an elite nine of Asian companies with a marketplace headdress implicit $1 trillion.

Bloomberg reports:

Samsung Electronics Co.’s marketplace valuation topped $1 trillion aft shares successful the world’s largest representation shaper much than quadrupled implicit the past twelvemonth connected booming request for the chips utilized successful artificial intelligence.
The milestone came arsenic the South Korean company’s shares rallied 14% connected Wednesday, making it lone the 2nd Asian steadfast aft Taiwan Semiconductor Manufacturing Co. to deed the mark. Samsung’s summation besides boosted the Kospi benchmark by much than 6%, driving it supra the 7,000 level for the archetypal time.

Samsung, alongside representation adjacent SK Hynix Inc. and TSMC, sits astatine the bosom of a translation that has made Asia a cornerstone of the planetary AI ecosystem, pairing chipmaking dominance with expanding information infrastructure. That displacement has fueled a almighty rally successful determination tech stocks — SK Hynix and TSMC person besides reached grounds highs — arsenic investors stake connected sustained request for precocious chips and computing capacity.
“The trillion dollar threshold carries worldly value beyond the symbolism,” said Dave Mazza, main enforcement serviceman astatine Roundhill Investments successful New York. “More broadly, it reflects a marketplace judgement that memory’s relation successful the AI infrastructure stack is structural, not cyclical.”

Read much here.
Oil drops for 2nd time aft Trump talks astir advancement successful Iran deal

Bloomberg reports:

Oil fell a 2nd time arsenic US President Donald Trump said “Great Progress” has been made connected a last statement to extremity the warfare with Iran.
Brent (BZ=F) dropped toward $108 a tube aft sliding 4% connected Tuesday, portion West Texas Intermediate (CL=F) was adjacent $100. US efforts to determination ships done the Strait of Hormuz volition beryllium paused, but a naval blockade volition stay successful place, Trump said successful a Truth Social post.

The planetary benchmark has climbed by astir 50% since the struggle started astatine the extremity of February, cutting disconnected hundreds of millions of barrels of Persian Gulf lipid from planetary markets. Flows done the chokepoint are present constrained by a treble blockade, with Tehran obstructing shipping portion the US is stopping vessels from accessing Iranian ports.

Read much here.