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Wall Street futures pointed to fresh record highs pre-bell Wednesday as oil prices fell following me

Chipmakers are the most actively traded U.S. stocks ahead of the opening bell, setting the stage for another tech-led rally. In recent premarket action: Intel (INTC) is the most traded stock by volume, according to Dow Jones Market Data, and is up about 6%.

By Niket Nishant and Utkarsh Hathi May 6 (Reuters) - Wall Street futures rose on Wednesday, extending a strong run on hopes of a potential U.S.-Iran peace agreement and unrelenting optimism around

The US and Iran are close to an agreement on a single-page memorandum of understanding that could en

Chip makers helped the Nasdaq hit a record closing high on Tuesday, and strong earnings from Advanced Micro Devices looked set to keep the rally in tech stocks going. Futures tracking the Nasdaq 100 were up 1.

Investors are about to learn the hard way that popularity does not equate to profitability on Wall Street.

U.S. stocks looked set to extend record highs after Trump walked back an effort to guide commercial ships through the Strait of Hormuz, easing concerns of a near-term escalation in the U.S.-Iran war.

Stocks looked set to extend their record-breaking run on Wednesday after chip maker Advanced Micro Devices posted strong first-quarter earnings and President Donald Trump signaled there had been progress in peace talks between the U.S. and Iran. S&P 500 futures added 0.3%, and contracts tied to the tech-heavy Nasdaq 100 jumped 0.7%. The S&P 500 and Nasdaq both closed at all-time highs on Tuesday as chip stocks racked up sizable gains, and AMD’s rock-solid results could extend the rally.

Oil prices slipped and stocks advanced on hopes that the U.S. and Iran can avoid resuming their full-scale war. The United Arab Emirates said it was intercepting new attacks from Iran hours after the U.S. said Iran's latest military actions didn't rise to the level of violating the cease-fire. U.S. officials sought to play down the events of the past 24 hours, including Iran’s targeting of American warships and attacks on other vessels in the Strait of Hormuz.

Oil prices extended losses and stocks rallied Wednesday on fresh hopes for an end to the Iran war and the reopening of the Strait of Hormuz, while Samsung blasted past the $1 trillion valuation mark as the AI tech boom continued apace.That came on the back of an eye-watering surge by Samsung, which rocketed as much as 12 percent to hit a market capitalisation of more than $1 trillion thanks to huge demand for its AI chips.

The market capitalisation of Samsung Electronics' ‌common stock surpassed $1 trillion ‌on Wednesday, making it the second ​Asian company after TSMC to reach the milestone. Samsung Electronics, the world's top memory chipmaker, saw its ‌market value ⁠reach 1,500 trillion won ($1.03 trillion) in early trading ⁠in Seoul on Wednesday, tracking sharp gains of AI-related ​stocks in ​the U.S. ​overnight. Shares of the ‌South Korean chip giant were up 12% at 09:52 a.m.

With the Iran cease-fire still seemingly intact, oil prices retreated today, giving the market some room to run. The tech-heavy Nasdaq Composite rose 1%, while the The S&P 500 gained 0.8%. While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices on Tuesday.

Futures rose. President Trump "paused" his Hormuz opening effort. AI plays AMD, Astera Labs, Lumentum, Arista were earnings movers late.

Last month, shares of the custom AI chipmaker got a boost from a Nvidia partnership and investment, a potential collaboration with Google, and an acquisition.

Markets are eyeing signs of easing in Mideast tensions and impressive AI-fueled tech earnings.

Major gauge futures soared following a series of record closes from US indexes.

Investors are evaluating cruise demand and fuel costs in the wake of a competitor's guidance cut , today, May 5, 2026.

Lennar (LEN) concluded the recent trading session at $86.2, signifying a -2.54% move from its prior day's close.

MakeMyTrip (MMYT) reached $47.06 at the closing of the latest trading day, reflecting a -2.37% change compared to its last close.

In the latest trading session, Signet (SIG) closed at $81.99, marking a -4.33% move from the previous day.

In the closing of the recent trading day, Consolidated Water (CWCO) stood at $32.8, denoting a +2.09% move from the preceding trading day.

As consumers tighten their wallets, four companies will continue to thrive amid economic uncertainty.

The latest trading day saw KB Home (KBH) settling at $48.42, representing a -5.87% change from its previous close.

The latest trading day saw AutoZone (AZO) settling at $3, representing a -1.48% change from its previous close.

Oil prices slipped and stocks advanced on hopes that the U.S. and Iran can avoid resuming their full-scale war. The United Arab Emirates said it was intercepting new attacks from Iran hours after the U.S. said Iran's latest military actions didn't rise to the level of violating the ceasefire. U.S. officials sought to play down the events of the past 24 hours, including Iran’s targeting of American warships and attacks on other vessels in the Strait of Hormuz.

Cipher’s reported lower Q1 2026 results were offset by new AI/HPC data center leases, a $200 million credit facility, and a long-term contracted revenue framework that could shift how investors value the company.

Today, May 5, 2026, Micron’s jump on high-capacity SSD demand helped power a broader chip-led advance in U.S. stocks.

US equity indexes rose on Tuesday as crude oil futures fell after the United Arab Emirates reported