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How Major US Stock Indexes Fared Monday 5/4/2026

The selloff followed renewed attacks in the Middle East, while the U.S. military said it intercepted Iranian missiles and drones and oil prices jumped.

  • Stock futures rose on Tuesday after Monday's lower close, as oil prices surged following the United Arab Emirates' report of an attack by Iran, threatening the regional ceasefire.
  • President Donald Trump announced "Project Freedom" to reopen commercial shipping through the Strait of Hormuz, warning that Iranian forces would be "blown off the face of the Earth" if they attack American vessels.
  • The Dow Jones Industrial Average dropped 1.1% Monday, while the S&P 500 fell 0.4%; Pinterest Inc. surged 16.59% on strong earnings, though ON Semiconductor Corp. declined 4.25%.
  • Economic data releases today include April's ISM services data, March's job openings, and February's delayed home sales report, as investors await speeches from Fed Vice Chair for Supervision Michelle Bowman and Fed Governor Michael Barr.
  • LPL Research maintains a positive outlook, citing the ongoing "AI wave" and anticipating that "productivity enhancements to drive higher profit margins" will sustain market outperformance despite near-term volatility.
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How major US stock indexes fared Monday 5/4/2026

U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran.

·United States
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US stocks declined sharply on Monday. At the close of trading in New York, the Dow Jones Industrial Average stood at 48,942 points, a drop of 1.1 percent compared to the previous trading day. A few minutes earlier, the broader S&P 500 was down 0.4 percent at around 7,201 points, while the tech-heavy Nasdaq Composite was down 0.2 percent at around 27,652 points. The escalation of tensions in the Strait of Hormuz weighed on the markets on Monday. …

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Quartz broke the news in United States on Monday, May 4, 2026.
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