News

Federal Reserve Chairman Mossallem: The Federal Reserve must be accountable for its results and communicate transparently about its decisions.

The US Global Supply Chain Stress Index for April will be released in ten minutes.

Federal Reserve Chairman Mussaleam: Monetary policy independence is a valuable asset.

The United States released Iranian crew members through Pakistan.

The French presidential palace stated that France and its partners have the capability to ensure the security of the Strait of Hormuz.

Federal Reserve Chairman Mussaleam: It's hard to say we're in the midst of a new productivity renaissance.

Ukrainian President Zelensky: Russia's deployment of air defense systems to Moscow to protect the military parade has created space for long-range attacks by Ukraine.

The French presidential palace stated that France hopes to separate the Strait of Hormuz issue from the US-Iran negotiations.

Ryanair shares rose more than 10%, while European travel stocks surged on expectations of a peace deal with Iran.

Federal Reserve's Mussalim: A 2% inflation rate would mean that interest rates could be lowered further.

Fed's Moussallem: Consumers and businesses alike say they are having trouble coping with rising, high prices.

Fed's Mussallem: The labor market appears to have stabilized after gradually cooling last year.

Fed's Moussalem: Tariffs and war uncertainty are headwinds.

Fed's Mussallem: My feeling is that the economic tailwinds outweigh the headwinds.

Fed Musallem: The economy will show considerable momentum in early 2026.

Intel (INTC.O) rose 2.9% in early trading and has gained more than 200% year-to-date.

Walt Disney shares rose 5.6% after second-quarter revenue and adjusted profit beat estimates.

Uber shares rose 5.4% as the company forecast second-quarter bookings and profit to beat expectations.

The Dow Jones Index opened up 529.10 points, or 1.07%, to 49827.35 points on May 6 (Wednesday);The S&P 500 Index opened up 45.0 points on May 6 (Wednesday) 9 points, an increase of 0.62%, to 7304.31 points;The Nasdaq Composite Index opened up 159.48 points, or 0.63%, to 25485.61 points on May 6 (Wednesday).

U.S. stocks opened, with the Dow Jones Industrial Average up 1%, the S&P 500 Index up 0.62%, and the Nasdaq Composite Index up 0.63%. Corning (GLW.N) and Nvidia (NVDA.O) reached a long-term strategic cooperation, and their stock prices rose 16% and 1.5% respectively. Intel (INTC.O) rose 1.3% in early trade. The Nasdaq China Golden Dragon Index rose 1.09%.