Photo: NYSE / X
Despite renewed tensions in the Middle East, the major indexes on Wall Street started the trading day on May 5 in the plus, with the S&P 500 and Nasdaq once again approaching record highs, Barron's notes.
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The broad index of American stocks S&P 500 jumped in the first minutes by 0.64%, technological Nasdaq Composite is growing by 0.94%, the index of "blue chips" Dow Jones - by 0.25%. S&P 500 and Nasdaq indices, to all appearances, on Tuesday, Ma. 5, will again surpass their closing highs set on Friday, Ma. 1, notes Barron's. In the first minutes of trading, they have already broken their previous peaks: in particular, the S&P 500 reached 7249.51 points at the maximum on Ma. 5; Nasdaq Composite - 25308.56.
Meanwhile, oil quotations went down: Brent with delivery in July is losing almost 3% and costs $111.19 per barrel (at the intraday high it jumped to $114.44). Contracts for US WTI are trading at $102.43, down 3.7% from the previous close.
Markets have been hit by multidirectional Xi forces, writes Reuters: conflict in the Middle East and a rapidly changing environment on the ground. In this regard, some market participants believe that worst-case scenarios are still not fully reflected in asset prices, while others insist that the focus should be on fundamentals and solid corporate results.
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