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Nasdaq Touches Intraday High, Heads for Record Close
Barrons.com100d agoneutral
Nasdaq Touches Intraday High, Heads for Record Close

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%.

Stock Market News for May 5, 2026
Zacks101d agoneutral
Stock Market News for May 5, 2026

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.

Ferrari Stock Falls After Earnings Beat. It Can’t Swerve the Iran War.
Barrons.com101d agobearish
Ferrari Stock Falls After Earnings Beat. It Can’t Swerve the Iran War.

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.