Oil prices fall, strong corporate earnings push US stocks higher, S&P and Nasdaq hit new highs
Wall Street's major indices rose today, with the S&P 500 and Nasdaq hitting new all-time highs, driven by falling international oil prices and strong corporate earnings.
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- 📰 Published: May 6, 2026 at 05:57
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(Central News Agency, New York, May 5, comprehensive foreign report) Wall Street's four major indices closed higher again today, with the S&P and Nasdaq both hitting new historical highs, as international oil prices fell and the market was buoyed by strong corporate earnings.
The Dow Jones Industrial Average rose 356.35 points, or 0.73%, to close at 49298.25 points.
The S&P 500 index rose 58.47 points, or 0.81%, to close at 7259.22 points.
The Nasdaq index rose 258.33 points, or 1.03%, to close at 25326.13 points.
The Philadelphia Semiconductor Index surged 445.92 points, or 4.23%, to close at 10980.58 points. (Compiled by: Chang Hsiao-wen) 1150506
The Dow Jones Industrial Average rose 356.35 points, or 0.73%, to close at 49298.25 points.
The S&P 500 index rose 58.47 points, or 0.81%, to close at 7259.22 points.
The Nasdaq index rose 258.33 points, or 1.03%, to close at 25326.13 points.
The Philadelphia Semiconductor Index surged 445.92 points, or 4.23%, to close at 10980.58 points. (Compiled by: Chang Hsiao-wen) 1150506