Stock Market Today: Dow, S&P Live Updates for May 5
Bloomberg.com • • business
Key Points:
- US stock futures rose, with S&P 500 contracts up 0.4% and Nasdaq 100 contracts increasing 0.6%, suggesting the Nasdaq may reach new highs at market open.
- Oil prices eased as the ceasefire in the Middle East appeared to hold, easing geopolitical tensions.
- Strong corporate earnings continue to boost investor confidence and support equity market gains.
- Semiconductor companies, particularly those producing processing and memory chips, led premarket trading gains.
- Investors are awaiting a forecast from Advanced Micro Devices Inc. to gauge the sustainability of AI-related spending.
