Econ #s

S&P 500, Nasdaq 100 Smash Records As AMD Jumps 16% On AI Hype: Stock Market Today

Piero Cingari — Wed, 06 May 2026 17:35:23 +0000

U.S. equities pushed to fresh record highs by midday Wednesday, with the S&P 500 and Nasdaq 100 each clearing new all-time peaks as a wave of blowout AI earnings collided with a sharp slide in oil prices on hopes that Washington and Tehran are closing in on a deal to end the war.

President Donald Trump confirmed the diplomatic push with a post on Truth Social earlier this morning, indicating an end to the Epic Fury operation and the highly effective Blockade that will now allow the Hormuz Strait to be open to all, if Iran agrees to the terms of the deal.

Crude tumbled on the headlines, with WTI sinking 6.6% to $95.48 a barrel and Brent falling 6.9% to $102.33. The energy unwind erased much of the war-risk premium built into the curve over recent weeks, with WTI now down nearly 16% month-to-date.

The S&P 500 climbed 1% to 7,332, on track for a fresh closing record, while the Dow Jones Industrial Average advanced 518 points, or 1.1%, to 49,816. Within Dow components, Walt Disney Co. (NYSE:DIS) jumped 8% after a strong revenue print, while NVIDIA Corp. (NASDAQ:NVDA) rallied 4.5% to $205, dragged higher by sector peers’ AI capex commentary.

The Nasdaq 100 outperformed with a 1.2% gain to 28,353, propelled by an AI-infrastructure surge.

Semiconductor names exploded higher on a one-two punch of earnings beats from Advanced Micro Devices Inc. (NASDAQ:AMD) and Super Micro Computer Inc. (NASDAQ:SMCI), both rallying 16%. AMD soared after beating estimates and raising guidance on what management characterized as soaring data-center demand, while Super Micro rallied on a strong earnings beat tied to AI server orders.

Gold rallied 2.9% to $4,690 an ounce, finding a bid as real yields slipped, while the SPDR Gold Trust (NYSE:GLD) climbed in tandem. Silver outpaced the yellow metal, jumping 6% to $77.18.

Wednesday’s Performance In Major U.S. Indices

Index	Last	% Change
S&P 500	7,332.86	+1%
Dow Jones	49,816	+1.1%
Nasdaq 100	28,353	+1.2%
Russell 2000	2,868.53	+0.8%

Index	Performance (+/-)
Dow Jones	0.66%
S&P 500	0.59%
Nasdaq 100	1.09%
Russell 2000	0.81%

Index	Last	% Change
S&P 500	7,262.62	+0.7%
Dow Jones	49,729	+0.1%
Nasdaq 100	27,743	+1.1%
Russell 2000	2,807	+0.3%

Econ #s

S&P 500, Nasdaq 100 Smash Records As AMD Jumps 16% On AI Hype: Stock Market Today

Wednesday’s Performance In Major U.S. Indices

Stock Market Today: S&P 500, Dow, Nasdaq Futures Rise As Trump Pauses 'Project Freedom'— Super Micro Computer, AMD, Intel In Focus (UPDATED)

Stocks In Focus

Super Micro Computer

30-Year Treasury Yields Hit 5%: Trump's Interest Bill Balloons To $1.2 Trillion

‘The 5% Maginot Line’

These 3 Telecom Stocks Rallied Over 1,000% In A Year: Nvidia Did 75%

Why ‘Telecom’ Is The Wrong Label

Wall Street's Inflation Fears Just Hit A 4-Year High, But Stocks Don't Care: Here's Why

The Rate-Cut Trade Has Quietly Died

Stock Market Today: Dow, S&P 500, Nasdaq Futures Rise As Traders Monitor US-Iran Ceasefire— Duolingo, Pinterest, AMD In Focus (UPDATED)

Stocks In Focus

Duolingo

Stock Market Today: Oil Jumps 5%, S&P 500 Drops As Iran Strikes UAE Port

Dow Drags As Tech And Travel Stocks Slip

Trump's $200 Billion Gift Is Working — And The S&P 500's Record Run Is Weird Proof

The $200 Billion Offset Hiding In Plain Sight

Stock Market Today: Dow, S&P 500 Futures Trip Amid Trump's 'Project Freedom' To Escort Stranded Vessels At Hormuz— eBay, Nebius In Focus (UPDATED)

Stocks In Focus

GameStop And eBay

Nebius Group

Federal Reserve's New Inflation Data is 'Useless,' Says Otavio Costa: Inside Fed's Pivot To Excuse Lower Rates

‘Useless’ Metric

Trump Tells Congress Iran Hostilities 'Have Been Terminated' — Hormuz Traffic Says Otherwise

Trump Calls The Iran Fight Finished After 60 Days Of Hostilities

Stock Market Today: Apple Earnings Power S&P 500, Nasdaq To Records; Trump Hits EU

Friday’s Performance In Major US Indices

Apple Blowout Lifts Tech

S&P 500 Hasn't Looked This Unbalanced Since The Dot-Com Bubble, Goldman Warns

The Narrowness, In Numbers

Stock Market Today: Dow, S&P 500, Nasdaq Futures RiseAs Trump Administration Evades War Powers Deadline— Apple, Twilio, Roblox In Focus (UPDATED)

Stocks In Focus

Apple

Twilio

Q1 GDP Rises Less Than Expected, Fed's Favorite Inflation Gauge Jumps 3.2% In March (UPDATED)

Q1 GDP Missed Forecasts: Here’s Why