Nasdaq, S&P 500, Dow climb on rising hopes for Iran peace, upbeat tech earnings

May 6, 2026

Nasdaq, S&P 500, Dow climb on rising hopes for Iran peace, upbeat tech earnings

Breaking News

Image source: Lummi



Wall Street stock futures climbed on Wednesday as investors weighed signs that the US and Iran may be closing in on a peace deal and a solid earnings season for tech companies continued.

Nasdaq 100 futures jumped 1.5%, while those on the S&P 500 rose roughly 0.9%.

Contracts on the Dow Jones Industrial Average, which includes fewer tech stocks, put on 0.9%, following fresh record closes for Wall Street stocks.

Investors were assessing an Axios report that the US believes it’s close to an agreement with Iran on a one-page memo to end their war.

Optimism for a Middle East peace deal had already got a boost from President Trump’s abrupt pause on the US plan to help ships transit the Strait of Hormuz. Yahoo Finance reports.

EdgeUp

🧠 AMD stock soars on Q1 earnings beat, better-than-expected outlook

AMD reported its first quarter results after the bell on Tuesday, beating analysts’ expectations on the top and bottom lines and topping Wall Street’s projections on second quarter revenue outlook.

AMD stock rose more than 18% on the news in premarket trading on Wednesday.

For the quarter, AMD saw earnings per share of $1.37 on revenue of $10.25 billion. Analysts were calling for EPS of $1.28 and revenue of $9.89 billion, according to Bloomberg analyst consensus estimates.

The company saw EPS of $0.96 and revenue of $7.43 billion in the same quarter last year. Yahoo Finance reports.


🧠 Samsung hits $1 trillion valuation, joining TSMC in elite club

Samsung Electronics Co.’s market valuation topped $1 trillion after shares in the world’s largest memory maker more than quadrupled over the past year on booming demand for the chips used in artificial intelligence.

The milestone came as the South Korean company’s shares rallied 14% on Wednesday, making it only the second Asian firm after Taiwan Semiconductor Manufacturing Co. to hit the mark.

Samsung’s gain also boosted the Kospi benchmark by more than 6%, driving it above the 7,000 level for the first time. Yahoo Finance reports.


📶 Qualcomm stock's momentum score surges amid AI optimism and data center growth plans

Qualcomm stock saw a sharp rise in momentum score, jumping from 21.53 to 43.64 on a week-over-week basis.

A momentum score is a metric used to gauge how strongly a stock is trending over time by analyzing recent price movements and trading volume, reflecting the intensity of its current market trend. Benzinga reports.


🖥️ Why is Super Micro stock soaring Wednesday?

Super Micro Computer reported quarterly earnings of 84 cents per share, which beat the consensus estimate of 62 cents by 35.48%, according to Benzinga Pro data.

Quarterly revenue came in below expectations at $10.24 billion, which missed the Street estimate of $12.33 billion.

Enterprise revenue reached $2.8 billion, or 28% of total revenue, rising 46% year over year and 45% sequentially.

OEM and large data center revenue totaled $7.4 billion, or 72% of total revenue, surging 183% year over year but declining 31% sequentially. Benzinga reports.


⚙️ Why Veeco Instruments shares are trading higher by 21%

Shares of Veeco Instruments Inc. rose in pre-market trading after the company reported first-quarter financial results and affirmed its FY26 sales guidance with its midpoint above estimates.

Veeco Instruments reported quarterly earnings of 14 cents per share, missing the analyst consensus estimate of 23 cents per share.

The company reported quarterly sales of $158.341 million, also below the analyst consensus estimate of $162.672 million. Benzinga reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.


1) EVC: Entravision Communications Corporation
Total gain: +76.63%

2) AVTX: Avalo Therapeutics, Inc.
Total gain: +47.29%

3) COMP: Compass, Inc.
Total gain: +32.78%

4) HUT: Hut 8 Corp.
Total gain: +29.18%

5) FLEX: Flex Ltd.
Total gain: +24.42%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on May 5.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) PHOE: Phoenix Asia Holdings Limited
Total gain: +168.51%
The company announced entering into a stock acquisition agreement (the “Stock Acquisition Agreement”) with ACEA Pharma, Inc., an exempted company incorporated with limited liability in the Cayman Islands (“Target Company”) and ACEA Therapeutics, Inc., an exempted company incorporated with limited liability in the Cayman Islands (the “Transferor”) for the acquisition of 100% of the issued and outstanding shares of common stock of Target Company (the “Company Shares”). The Target Company is a clinical stage pharmaceutical company with a diverse product portfolio to address unmet medical needs in cancer, autoimmune disease, and Covid-19. Globe Newswire reports.


2) BLZE: Backblaze, Inc.
Total gain: +63.58%
The company announced results for its first quarter ended March 31, 2026. Businesswire reports.


3) EVER: EverQuote, Inc.
Total gain: +63.04%
The company announced financial results for the first quarter ended March 31, 2026. Globe Newswire reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


LIMAF: Linamar
Q1 2026
After Market Close
Estimate: N/A
Actual: N/A

SAXPY: Sampo
Q1 2026
Before Market Close
Estimate: N/A
Actual: 0.335

WHD: Cactus
Q1 2026
After Market Close
Estimate: 0.660
Actual: N/A

Today’s Economic Dates

Time (ET)/ Report/ Period

8:15 AM - ADP employment - April
9:30 AM - St. Lous Fed President Alberto Musalem speech - N/A
1:00 PM - Chicago Fed President Austan Goolsbee speech - N/A

Parting Thoughts

“A good trader has no ego.”

– Paul Tudor Jones

Sourced in: Interviews — GoodReads.

Disclaimer

TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas ; TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF); and TradeZero Europe B.V., a Dutch broker dealer, authorized and regulated by the Dutch Authority for the Financial Markets (AFM) (collectively, the “TradeZero Broker Dealers”).

TradeZero Broker Dealers offer self-directed electronic securities trading to their customers. TradeZero Broker Dealers do not provide financial or trading advice and do not make investment recommendations to their customers. This communication does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference. There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors whereby the loss can be greater than your initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses. Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risks of Standardized Options, also known as the Options Disclosure Document (ODD) at OCC.

If you have any specific questions about TradeZero's brokerage services, please reach out to the TradeZero Broker Dealer servicing your jurisdiction.