Stock Market Today: Dow, S&P Live Updates for May 7
Bloomberg.com • • general
Key Points:
- US stock futures rose, with S&P 500 contracts increasing by 0.2%, driven by growing optimism about a potential US-Iran peace deal.
- Brent crude oil prices fell for a third consecutive day, trading around $99 a barrel after a 12% decline over the previous two sessions.
- Traders awaited updates on the reopening of oil flows through the Strait of Hormuz, a key factor influencing market sentiment.
- The US dollar remained near prewar levels, while global bonds continued to rally amid easing inflationary pressures.
