Intel Leads Indexes to New Records

2 min

•May 5, 202625 days ago

Summary

U.S. stock markets reached record highs on May 5th, led by technology gains with the Nasdaq up 1%, S&P 500 up 0.8%, and Dow up 0.7%. Intel surged nearly 13% on reports of a potential Apple chip manufacturing deal, while Samsung also gained on similar news. Other notable movers included Anheuser-Busch InBev up 9% and PayPal down 8%.

Insights

Apple's potential shift to domestic chip manufacturing is reshaping semiconductor sector valuations and investor sentiment
Technology sector continues to drive market gains, indicating sustained investor confidence in tech stocks
Geopolitical tensions in the Middle East have moderated, reducing oil price pressures on markets
Company earnings quality matters more than headline numbers—Palantir fell despite record revenue, while strong growth stories rallied

Trends

Semiconductor manufacturing reshoring to the U.S. gaining investor tractionTechnology stocks maintaining leadership in market performanceOil market stabilization amid reduced Middle East tensionsData analytics companies facing valuation pressure despite strong fundamentalsConsumer discretionary recovery—beverages showing first volume growth in three yearsPayment processors under margin pressure in current economic environment

Topics

U.S. Stock Market Records Semiconductor Manufacturing in America Apple Supply Chain Strategy Technology Sector Performance Oil Price Movements Middle East Geopolitical Tensions Earnings Reports and Market Reactions Data Analytics Valuations Consumer Beverage Industry Recovery Payment Processing Profitability

Companies

Intel

Shares soared nearly 13% on reports that Apple might use Intel to build chips in the U.S.

Apple

Considering domestic chip manufacturing partnerships with Intel and Samsung for U.S.-based production.

Samsung Electronics

Shares rose more than 5% on news of a potential chip manufacturing deal with Apple.

Palantir Technologies

Data analytics company shares dropped 7% despite reporting record quarterly revenue and profit.

Anheuser-Busch InBev

Shares jumped nearly 9% after reporting first growth in sales volumes in three years.

Image-sharing company shares rallied under 7% after posting strong sales growth.

PayPal

Payment company shares sank almost 8% after reporting lower profit margins.

People

Katherine Sullivan

Presented the closing bell brief for May 5th covering market movements and individual stock performance.

Quotes

"U.S. stocks reached record highs today led by gains in technology."

Katherine Sullivan

"Intel shares soared nearly 13 percent today to reach a new record. The move followed reports that Apple might use the company to build chips in the U.S."

Katherine Sullivan

"Palantir Technologies shares dropped almost 7 percent, even though the data analytics company yesterday reported record quarterly revenue and profit."

Katherine Sullivan

Full Transcript

Your teams spend more time searching for information than using it. Amazon Quick changes that. One intelligent assistant that connects all your company's data and turns answers into action instantly. AWS.com slash quick. Here's your closing bell brief for Tuesday, May 5th. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks reached record highs today led by gains in technology. The tech-heavy Nasdaq finished the session up 1 percent, the S&P 500 added 0.8 percent, and the Dow rose 0.7 percent. Oil prices slipped as the U.S. government downplayed tensions in the Middle East. Brent crude futures fell 4 percent to just under $110 a barrel. Among individual companies, Intel shares soared nearly 13 percent today to reach a new record. The move followed reports that Apple might use the company to build chips in the U.S. Likewise, Samsung Electronics shares rose more than 5 percent on news of a potential chip deal with Apple. Palantir Technologies shares dropped almost 7 percent, even though the data analytics company yesterday reported record quarterly revenue and profit Anheuser 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% after the image-sharing company posted strong sales growth. And PayPal shares sank almost 8% after the payments company reported lower profit. Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts. How much of your workday is actually work and how much is just hunting for information? That's the problem Amazon Quick was built to solve. Quick is an intelligent workplace assistant that connects all your systems, your documents, dashboards, Salesforce, Jira, Slack, email, and gives you complete answers in seconds and turns them into action. Create a deck, update a ticket, send a message right there in the conversation without switching tools. It's AI that actually works the way you do. Learn more at aws.com slash quick.