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The Nasdaq was cruising on Tuesday despite another round of software stock struggles. The Dow was up 306 points, or 0.6%. The Nasdaq’s gains were even more impressive when you consider the Roundhill Magnificent Seven ETF was flat and the iShares Expanded Tech-Software Sector ETF was down 0.8%.
Broad Market Indicators Broad-market exchange-traded fund IWM and IVV were higher. Actively tr
US equity indexes rose in midday trading on Tuesday as crude oil futures slumped after Defense Secre
By Lawrence Delevingne and Amanda Cooper May 5 (Reuters) - Global stocks rose on Tuesday, taking some heart from a series of robust earnings, while simmering hostilities between the U.S. and Iran over
Early trading behaves as if cooler heads will prevail in the Strait of Hormuz -- and earnings results still matter.
Stocks were back near their highest levels on record after Wall Street turned its attention away from Iran and back to earnings season. The Dow rose 305 points, or 0.6%. The S&P 500 was up 0.7%. The Nasdaq was up 0.
The motorcycle maker reported earnings per share of 22 cents from sales of $1.2 billion. Wall Street was looking for earnings per share of 22 cents from sales of $1 billion.
U.S. stocks ended lower on Monday, sending oil prices higher, as fresh tensions in the Middle East, which saw Iran hit a South Korean ship in the Strait of Hormuz, raised concerns over continued instability in the region.
Tuesday, Cummins reported first-quarter earnings per share of $4.71 from sales of $8.4 billion. Wall Street was looking for earnings per share of $5.63 from sales of $8.4 billion.
Ferrari beat analysts’ earnings targets and stuck with its full-year guidance on Tuesday, even though the war in the Middle East disrupted deliveries over the first quarter. Ferrari shipped 3,436 cars over the first quarter, down 157 from the same period a year ago. Shipments for Europe, the Middle East, and Africa fell by 243 from a year ago to 1,458.
8.30am: Oil prices ease, as Hegseth plays down Strait fighting Crude oil futures have eased further, as US defence officials struck a cautious tone on the Strait of Hormuz, saying Iranian actions remain below the threshold for a wider conflict, despite continued harassment of shipping. In...
News of the day for May 5, 2026
Eaton reported first-quarter earnings per share of $2.81 from sales of $7.5 billion, up 17% year over year. Wall Street was looking for earnings per share of $2.73 from sales of $7.1 billion.
The company reported first-quarter earnings per share of 55 cents from sales of $1.7 billion. Wall Street was looking for earnings per share of 48 cents from sales of $1.7 billion.
Wall Street futures pointed moderately higher pre-bell Tuesday after media reports that commercial v
Tesla CEO Elon Musk hopes that FSD will advance to unsupervised autonomous driving by the end of the year. Achieving that would be a catalyst for Tesla stock, demonstrating that widespread use of truly self-driving cars is just around the corner. Musk missed the deadline by 11 days, potentially costing former Twitter holders money.
Stocks were set to edge higher on Tuesday as investors looked past rising tensions in the Middle East and took the opportunity to buy the dip in equities following another batch of solid earnings reports. S&P 500 futures added 0.3% and contracts tied to the tech-heavy Nasdaq 100 gained 0.5%. The three major indexes all dropped on Monday after the United Arab Emirates said Iran was attacking it with missiles, sparking fears that the Middle East conflict could escalate after weeks of relative calm.
Things continue to look dicey for the U.S. economy and stock market.
Wall Street rebounded and oil prices retreated early Tuesday despite an exchange of fire between the U.S. and Iran near the Strait of Hormuz. Nasdaq futures climbed 0.5%. Tensions in the Middle East escalated when the United Arab Emirates, a U.S. ally, said it came under attack from Iran for the first time since the ceasefire last month.
Oil prices fell as wary markets monitored a fragile US-Iran ceasefire in the wait for the latest rush of earnings.
Oil prices fell as wary markets monitored a fragile US-Iran ceasefire in the wait for the latest rush of earnings.
Major gauges traded close to flat as investors adjusted to news that ships in the Strait of Hormuz had been struck with missiles.
