On May 11, 2026, the S&P 500 Index rose by 0.25%, the Dow Jones Industrial Average increased by 0.05%, and the Nasdaq 100 Index climbed 0.17%, reaching new all-time highs driven by strong corporate earnings and optimism in artificial intelligence. In the commodities market, WTI crude oil prices surged by over 2% amid heightened geopolitical tensions, particularly after the U.S. and Iran rejected peace proposals to resolve the ongoing conflict in the Middle East. The 10-year Treasury yield increased by 3 basis points to 4.39% as rising energy prices raised inflation concerns.
In economic updates, April existing home sales grew by only 0.2% month-over-month to 4.02 million, falling short of the expected 4.05 million. Conversely, China reported better-than-expected trade numbers, with April exports rising 14.1% year-over-year compared to an anticipated 8.4% increase, while imports grew by 25.3%, exceeding projections of 20%.
In corporate news, notable stock movements included Qualcomm, which rose over 8%, and Beazer Homes, surging by more than 30% on news of a potential $704 million acquisition offer. Conversely, airline stocks faced pressure due to rising fuel costs, with Alaska Air Group and Carnival down more than 4%.
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