Chip Makers Push Nasdaq, S&P 500 to Fresh Highs
Intel soared 13%, while oil slipped on hopes for easing Mideast tensions.
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Intel Stock Is Surging. Potential Chip Deal With a Huge Customer Is Providing a Lift.
Intel stock was gaining on hopes it could be about to land a big customer for its chip-manufacturing services.
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Oil Prices Fall as Pentagon Downplays Latest Iranian Missile Attacks
Brent crude and WTI prices had risen Monday on reports of attacks both in the Strait of Hormuz and over the United Arab Emirates.
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Attacks on U.S. Warships in Strait Test Trump's Desire to End Iran War
Speaking Monday from the White House, Trump referred to the latest round of attacks as a "mini war."
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U.S. Services-Sector Activity Continued to Expand in April
The Institute for Supply Management's purchasing managers index for services providers was 53.6, suggesting continued expansion, though price pressures from the war in Iran weighed on growth.
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U.S. New Home Sales Rose in March
Sales of new single-family homes rose to 682,000 in March, from 635,000 in February. A consensus of economists polled by The Wall Street Journal expected 660,000 sales in March.
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March Labor Market Was Stable, if Sluggish
Hiring picked up in March, but the rate of job openings ticked down to 4.1%, emphasizing a continued stretch of relatively low dynamism in the market.
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U.S. Trade Deficit Grew in March
U.S. imports rose faster than exports in March, pushing up the U.S. trade deficit, according to data published by the Commerce Department.
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China Steps Up U.S. Sanctions Fight, Defying Blacklisting Over Iranian Oil
The escalation comes ahead of President Trump's visit to Beijing planned for next week.
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Hong Kong's Economy Expands at Strongest Pace in Nearly Five Years
Advance data, marking the first economic print since the war broke out, showed that the city's gross domestic product rose 5.9% in January-March period from a year earlier.
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Canada Swings to First Goods-Trade Surplus in Six Months
Canada for March recorded a merchandise-trade surplus of C$1.78 billion, the equivalent of about US$1.31 billion, Statistics Canada said.
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U.K. 30-Year Gilt Yields Hit 28-Year High Amid Political Concerns
Borrowing costs on U.K. 30-year government bonds surged ahead of local elections on Thursday due to concerns about a potential political crisis in the U.K.
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Swiss Inflation Climbs to Highest Since 2024 as Energy Prices Surge
Consumer prices were up 0.6% on year, higher than the 0.3% inflation rate in March, as the Iran war sent imported energy costs climbing.
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Australia's Central Bank Raises Rates for Third Straight Meeting
The Reserve Bank of Australia delivered its third consecutive interest-rate increase, citing a deteriorating inflation outlook and warning of "plausible" scenarios where fuel-price pressures rise more than expected.
(END) Dow Jones Newswires
May 05, 2026 17:00 ET (21:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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