Wall Street Surges: S&P 500 Up 0.81% as Intel Soars 12.92%, But Oil's Plunge Signals Deeper Currents
📅 May 05, 2026 · 08:10 PM EDT | Wall Street Daily Briefing S&P 500 7,259.22 ▲ 0.81% NASDAQ 25,326.12 ▲ 1.03% Dow Jones 49,298.25 ▲ 0.73% VIX 17.38 ▼ 4.98% Market Overview — May 05, 2026 On May 05, 2026, US stocks closed broadly higher, with the S&P 500 advancing 0.81% to 7259.22, the NASDAQ Composite jumping 1.03% to 25326.12, and the Dow Jones Industrial Average gaining 0.73% to 49298.25. This strong performance, especially in growth-oriented sectors, occurred amidst a significant drop in oil prices and a cooling VIX, signaling renewed investor confidence. Yesterday, Wall Street witnessed a decisive move higher, with equity indices extending recent gains. The broader marke...