Wall Street rebounds as oil slips despite renewed Middle East tensions

U.S. stock indexes rebounded on Tuesday, May 5, 2026, even as oil prices fell and tensions in the Middle East threatened a fragile truce asourceser the U.S. and Iran exchanged fire in the Gulf.

At 10:01 a.m. ET, the Dow Jones Industrial Average rose 0.51% to 49,192.85, the S&P 500 gained 0.67% to 7,248.73, and the Nasdaq Composite added 0.83% to 25,274.52.

Brent crude futures fell 1.6% but were still trading above $110 a barrel. Markets have been volatile in recent sessions, balancing heightened geopolitical risks against a strong domestic backdrop supported by resilient earnings and economic momentum.

Sector and stock moves

Nine of the 11 main S&P sectors were in positive territory, led by consumer discretionary, which rose 1.21%.

Among individual stocks, Intel climbed 9.4% asourceser a report about exploratory discussions involving Apple and chipmaking. Archer-Daniels-Midland rose 5.8% asourceser beating first-quarter profit expectations, while DuPont gained 8% asourceser raising its annual profit forecast. Pinterest jumped 14% following an upbeat second-quarter revenue forecast.

Data in focus

Economic data released Tuesday showed U.S. job openings in March were 6.866 million, slightly above estimates. The Institute for Supply Management’s non-manufacturing purchasing managers’ index for April came in at 53.6, narrowly below the 53.7 estimate.

The figures reinforced expectations that a resilient labor market could give the Federal Reserve room to keep interest rates higher for longer.