On May 5, 2026, the Nasdaq 100 Index reached a new all-time high, with the index closing up 1.20% while the S&P 500 Index and Dow Jones Industrial Average rose 0.74% and 0.57%, respectively. Intel’s stock surged over 13% after Apple expressed interest in collaborating with the chipmaker for its processors. Additionally, WTI crude oil prices dropped by more than 4%, attributed to reduced geopolitical tensions in the Persian Gulf following a ceasefire.
The U.S. reported mixed economic data for March, with new home sales increasing by 7.4% month-over-month to 682,000, exceeding expectations of 652,000. Meanwhile, the trade deficit widened to $60.3 billion, slightly better than the anticipated $61.0 billion. The April ISM services index fell to 53.6, just below expectations of 53.7, while JOLTS job openings declined by 56,000 to 6.866 million, also a smaller drop than expected.
In corporate news, Waters Corp’s shares rose over 13% after reporting Q1 sales of $1.275 billion, exceeding estimates, and raising its full-year sales growth outlook. Rockwell Automation saw a share increase of 11% after announcing strong Q2 earnings, while Pinterest jumped 11% after outperforming revenue expectations in Q1.
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