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Dow Jones Nasdaq Surge as Intel Hits All Time High and Oil Drops Sharply
Economy
Published on 5 May 2026
Intel’s milestone and a crude drop fuel the jump
US stocks surged as the Dow gained over 350 points, the S&P 500 pushed to fresh highs, and the Nasdaq climbed nearly 250 points. The rally was powered by Intel reaching an all-time high alongside broad strength in tech and semiconductors. Oil prices fell sharply, with WTI dropping around 3%, while select companies like Pfizer and Anheuser-Busch posted stronger-than-expected results.
- Dow jumped more than 350 points while S&P 500 hit new highs
- Nasdaq rose nearly 250 points on tech and semiconductor strength
- Intel’s all-time high helped spark broad buying across the market
- WTI crude dropped about 3%, boosting risk appetite
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times