Wall Street rallies to records after oil prices ease and corporate profits keep topping expectations
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May 5, 2026 11:15 AM
NEW YORK (AP) — The U.S. stock market rose to records Tuesday after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected.
The S&P 500 climbed 0.8% to top its prior all-time high set at the end of last week. The Dow Jones Industrial Average added 356 points, or 0.7%, and the Nasdaq composite set its own record after rallying 1%.
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