Stock Market Edges Up as Investors Assess Iran War Developments
U.S. stock markets rose on May 5 as investors cautiously monitored ongoing tensions in the Middle East, with the S&P 500 gaining 0.77% and oil prices easing slightly from elevated levels.
Market Recovery Amid Geopolitical Tensions
Stocks edged higher and oil prices eased as investors watched the latest developments in the U.S.-Iran conflict, with the S&P 500 up 0.77%. The Russell 2000 was leading among major U.S. indexes with a 1.39% gain, suggesting small caps are soldiering their way higher.
Individual Stock Performance
Pfizer shares climbed 2.2% after the pharmaceutical giant beat Wall Street's first-quarter earnings and revenue forecasts and reaffirmed its 2026 outlook. Tyson Foods shares rose after the food giant posted strong fiscal second-quarter 2026 earnings.
Energy and Commodities
Oil prices were easing but remained elevated amid ongoing tensions in the Middle East, with West Texas Intermediate crude falling 2.22% to $104.10 per barrel, while Brent crude declined 1.38% to $112.90 per barrel.