Stock market today: S&P 500, Nasdaq, Dow futures edge higher with Middle East tensions, earnings in focus

2 days ago 3

Updated Tue, May 5, 2026 astatine 4:06 AM CDT 1 min read

US banal futures roseate connected Tuesday, stabilizing aft a wide sell-off driven by escalating tensions successful the Middle East.

S&P 500 futures (ES=F) moved up astir 0.3%, portion those connected the tech-heavy Nasdaq-100 (NQ=F) enactment connected 0.4%. Dow Jones Industrial Average futures (YM=F) edged up 0.2%.

Palantir Technologies (PLTR) bushed Wall Street estimates for archetypal 4th gross and profit, driven by surging income to commercialized clients and the US authorities sector. Its gross jumped 85% amid questions astir the interaction of AI tools connected its bundle business. Shares slid 2% successful premarket arsenic investors digested the study released Wednesday.

Investor sentiment has been nether unit aft the United Arab Emirates reported that Iran launched drones and missiles toward its territory, raising concerns that an already fragile ceasefire model involving the United States could deteriorate further.

Adding to tensions, US officials indicated that American forces had engaged Iranian vessels successful the Strait of Hormuz, reportedly disabling respective boats accused of threatening commercialized shipping routes. Iranian authorities media, however, disputed those claims.

Energy markets reflected the uncertainty. Oil prices climbed during the time earlier easing somewhat successful after-hours trade, with West Texas Intermediate (CL=F) crude futures pulling backmost astir 1% to adjacent $105 per barrel. Brent crude futures besides slipped by 0.4% to conscionable beneath $114 a barrel.

On the firm front, respective large names are acceptable to study net connected Tuesday, including Shopify (SHOP), Pfizer (PFE), and Advanced Micro Devices (AMD).

Economic information volition besides beryllium successful focus, with investors awaiting caller figures connected the US commercialized equilibrium and the latest Job Openings and Labor Turnover Survey (JOLTS), some of which could supply further penetration into the spot of the economy.

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Palantir banal slips contempt 85% leap successful Q1 gross connected booming US business

Shares successful Palantir slid astir 3% successful premarket trading connected Tuesday arsenic investors scrutinized its Q1 net bushed and raised outlook.

Yahoo Finance’s Ines Ferré reports:

Palantir Technologies (PLTR) reported Q1 gross and nett that topped expert estimates, driven by surging income to commercialized clients and the US authorities sector.

The company’s gross jumped 85% successful the archetypal 3 months of this twelvemonth to $1.63 billion, beating the statement estimation of $1.53 billion, according to Bloomberg data. The bulk of that revenue, oregon $1.28 billion, came from the US alone.

NasdaqGS - Delayed Quote USD

146.03 +1.96 (+1.36%)

At close: May 4 astatine 4:00:00 PM EDT

CEO Alex Karp pushed backmost against those who stake against Palantir’s occurrence and questioned the interaction of AI connected its business.

“When the full satellite said bundle had to beryllium worthless, we built platforms that work,” Karp said during the company’s net call.

… Shares of Palantir person been recovering from an earlier sell-off arsenic the bundle assemblage has been deed amid concerns astir AI disrupting concern models.

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Apple successful aboriginal talks with Intel and Samsung to alteration chipmaker distant from TSMC

Reuters reports:

Apple (AAPL) has held exploratory discussions astir utilizing Intel (INTC) and Samsung Electronics to nutrient ‌the main processors for its devices, Bloomberg ‌News reported connected Monday, citing radical acquainted with the deliberations.

Apple executives have made visits to a Samsung works nether improvement successful Texas and, separately, besides held preliminary talks with Intel astir enlisting the company's chipmaking services, Bloomberg reported.
While ‌the determination would ⁠offer Apple a secondary enactment beyond its longtime spouse Taiwan Semiconductor Manufacturing Co, the ⁠iPhone-maker is besides acrophobic astir utilizing non-TSMC technology, the study said, citing worries astir reliability and scale.

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Oil holds gains supra $100 a tube arsenic Iran and US ramp up aggression

Bloomberg reports:

Oil held the bulk of a crisp summation aft warring flared successful the Middle East, with the US and Iran exchanging fire, renewed attacks connected vigor infrastructure, and vessels deed adjacent the Strait of Hormuz.
Brent (BZ=F) traded adjacent $114 a barrel, aft surging 5.8% connected Monday, portion West Texas Intermediate (CL=F) was beneath $105. The US subject fought disconnected Iranian attacks arsenic it guided 2 US-flagged vessels done the waterway, according to US Central Command. In the United Arab Emirates, an lipid terminal successful Fujairah was hit.

The caller circular of hostilities came arsenic the US sought to wide a way done Hormuz for stranded vessels, casting uncertainty connected the four-week ceasefire betwixt Washington and Tehran. President Donald Trump said the warfare whitethorn past different 2 to 3 weeks successful comments to Salem News Channel.
US destroyers USS Truxtun and USS Mason transited the strait, CBS reported. The vessels were supported by Apache helicopters and different craft and faced a bid of coordinated threats during the passage, CBS said.

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