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2026-05-05

US equities retreated from recent highs as escalating Middle East tensions overshadowed optimism from strong quarterly earnings. The Nasdaq Composite fell about 0.3%, the S&P 500 slipped 0.5%, and the Dow Jones Industrial Average dropped 1.1%, sheddi

US equities retreated from recent highs as escalating Middle East tensions overshadowed optimism from strong quarterly earnings. The Nasdaq Composite fell about 0.3%, the S&P 500 slipped 0.5%, and the Dow Jones Industrial Average dropped 1.1%, shedding 564 points. Shares of logistics names including UPS and FedEx declined after Amazon announced plans to open its freight and distribution network to external businesses. Oil surged on reports of Iranian strikes in the Strait of Hormuz and missile intercepts in the UAE, with Brent crude near $114 and WTI climbing above $106. The UAE confirmed an Abu Dhabi National Oil Company carrier and the Fujairah petroleum export complex were targeted, while US Central Command denied Iranian media reports of attacks on American warships. President Trump's "Project Freedom" announcement to assist trapped cargo ships further heightens regional uncertainty. Investors also digest stronger-than-expected March factory orders—up 1.5% versus 0.5% estimates—driven by AI-related electronics demand, and await earnings from semiconductor leaders Advanced Micro Devices, Arm Holdings, and Lattice Semiconductor, alongside results from Palantir and Paramount Skydance.
2026-05-05

The Dow Jones Industrial Average closed down 557.37 points, or 1.13%, at 48,941.90 on Monday, May 4. The S&P 500 closed down 29.37 points, or 0.41%, at 7,200.75 on Monday, May 4. The Nasdaq Composite closed down 46.64 points, or 0.19%, at 25,067.80 o

The Dow Jones Industrial Average closed down 557.37 points, or 1.13%, at 48,941.90 on Monday, May 4. The S&P 500 closed down 29.37 points, or 0.41%, at 7,200.75 on Monday, May 4. The Nasdaq Composite closed down 46.64 points, or 0.19%, at 25,067.80 on Monday, May 4.
2026-05-05

DOW UNOFFICIALLY CLOSED -1.1%, S&P 500 -0.4%, NASDAQ -0.19%

DOW UNOFFICIALLY CLOSED -1.1%, S&P 500 -0.4%, NASDAQ -0.19%
2026-05-05

The yield on the 30-year U.S. Treasury note closed above 5% for the first time since July of last year.

The yield on the 30-year U.S. Treasury note closed above 5% for the first time since July of last year.
2026-05-05

IEEPA REFUND TRANSACTIONS ARE GOING TO BEGIN AS EARLY AS MAY 12TH - CBP

IEEPA REFUND TRANSACTIONS ARE GOING TO BEGIN AS EARLY AS MAY 12TH - CBP
2026-05-05

U.S. Customs and Border Protection: Refunds under the International Emergency Economic Powers Act (IEEPA) will begin as early as May 12.

U.S. Customs and Border Protection: Refunds under the International Emergency Economic Powers Act (IEEPA) will begin as early as May 12.
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