Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New York City. <\/p>\n
Spencer Platt | Getty Images<\/p>\n
U.S. equities rose on Friday following a better-than-expected April’s jobs report<\/a> and as traders eyed developments between the U.S. and Iran.<\/p>\n The S&P 500<\/a> and Nasdaq Composite<\/a> were up about 0.7% and 1.1%, respectively. Both indexes hit new all-time intraday highs in the session. The Dow Jones Industrial Average<\/a> rose 113 points, or 0.2%.<\/p>\n All three major averages are on track to finish the week higher as earnings continue to come in strong. Upbeat tech earnings have put the Nasdaq on pace to climb 3% on the week. The S&P 500 is on track for a rise of about 2%, heading for its sixth consecutive winning week, while the Dow Jones has lagged with a week-to-date gain of 0.7%.<\/p>\n The broader market’s rise on Friday was supported by a rise in chip stocks such as Micron Technology<\/a> and Qualcomm<\/a>. Micron shares were up 10%, while Qualcomm popped 9%, positioning the stock for a fourth consecutive day of gains.<\/p>\n Sentiment was also bolstered by the Bureau of Labor Statistics reporting that nonfarm payrolls rose by 115,000 last month, more than the 55,000 that economists polled by Dow Jones were expecting. The U.S. jobless rate also held steady at 4.3%, in line with expectations.<\/p>\n However, oil prices were marginally higher, with West Texas Intermediate crude futures<\/a> rising 0.6% to around $95 per barrel, after the U.S. and Iran exchanged fire<\/a> in the Strait of Hormuz. Each side claimed the other struck first. U.S. Central Command said that military forces “intercepted unprovoked Iranian attacks and responded with self-defense strikes” as a trio of U.S. Navy destroyers transited the waterway.<\/p>\n In a Truth Social post<\/a> Thursday night, President Donald Trump<\/a> said there was “no damage done to the three Destroyers, but great damage done to the Iranian attackers.” He also reportedly said<\/a> that the ceasefire is still in effect, saying the strikes against Iranian targets were “just a love tap.”<\/p>\n Investors have been awaiting a response from Iran on the proposal to end the conflict in the Middle East after Iranian state media reported Thursday that Iran was reviewing messages<\/a> from the U.S. that were received through Pakistani mediators but had not yet reached a conclusion. Secretary of State Marco Rubio told reporters<\/a> Friday that the U.S. “should know something today.”<\/p>\n The S&P 500<\/a> and Nasdaq Composite<\/a> had hit fresh record highs in the previous session before retreating after a senior Iranian official said that the country would not allow the U.S. to reopen the Strait of Hormuz passageway with an “unrealistic plan,” Iran’s state-owned Press TV reported. The official added that Iran would not let the U.S. leave the conflict without paying reparations for the damage it has inflicted.<\/p>\n Going forward, PNC Asset Management chief investment strategist Yung-Yu Ma expects earnings momentum to continue, which could offer a boost to equities.<\/p>\n “It is important to note that the gains are very broad based,” he said<\/a> on CNBC’s “The Exchange<\/a>” on Thursday afternoon. “If you look out to Q2, Q3 and Q4, the market and analysts are still expecting about 20% or higher earnings growth on a year-over-year basis in those subsequent quarters. So we’re not seeing the momentum expected to let up. There is dispersion, for sure, but the momentum is going to be quite strong here.”<\/p>\n \u2014 CNBC’s Kevin Breuninger and Elsa Ohlen contributed reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New…\n","protected":false},"author":2,"featured_media":431902,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[151246,42502,941,81495,114,357,6420,54,1761,1012,2967,85,87,46,190,10388,1763,1008,33176,1762,3310,1760,29170,61277,1032,202573,30938],"class_list":["post-431901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-lco26n","tag-amc-entertainment-holdings-inc","tag-breaking-news-markets","tag-brookfield-asset-management-ltd","tag-business","tag-business-news","tag-donald-j-trump","tag-donald-trump","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-ftse-mib","tag-il","tag-iran","tag-israel","tag-markets","tag-micron-technology-inc","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-qualcomm-inc","tag-sp-500-fut-sep25","tag-sp-500-index","tag-stock-markets","tag-suppress-zephr","tag-toyota-motor-corp","tag-united-states","tag-wendys-co","tag-wti-crude-sep25"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/431901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=431901"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/431901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/431902"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=431901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=431901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=431901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}