Intel Leads Indexes to New Records
5/5/20262 min
The chipmaker’s stock soared after reports it might build chips for Apple in the U.S. Plus: Anheuser-Busch shares rose after reporting a growth in sales.
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First 90 secondsSpeaker 00:00
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Katherine Sullivan· Host0:14
[calm music] Here's your closing bell brief for Tuesday, May 5th. I'm Katherine Sullivan for the Wall Street Journal. US stocks reached record highs today, led by gains in technology. The tech-heavy NASDAQ finished the session up 1%, the S&P 500 added .8%, and the Dow rose .7%. Oil prices slipped as the US government downplayed tensions in the Middle East. Brent crude futures fell 4% to just under $110 a barrel. Among individual companies, Intel shares soared nearly 13% today to reach a new record. The move followed reports that Apple might use the company to build chips in the US. Likewise, Samsung Electronic shares rose more than 5% on news of a potential chip deal with Apple. Palantir Technologies shares dropped almost 7%, even though the data analytics company yesterday reported record quarterly revenue and profit. Anheuser-Busch InBev shares jumped nearly 9% during the trading session today as investors said cheers to the drinks maker reporting its first growth in sales volumes in three years. Pinterest shares rallied just under 7%