economy
May 6, 2026
Wall Street closes in the green amid expectations of a US-Iran agreement
Wall Street closed this Wednesday in the green, with its main indicator, the Dow Jones Industrial Average, rising 1.24%, amid expectations that the United States and Iran will reach an agreement to end the war in the Middle East. At the close of the New York Stock Exchange, the Dow Jones stood at 49,910 points; the S&P 500 advanced 1.46% to 7,365 units, and the technology-focused Nasdaq gained 2.03% to 25,838 points.
TL;DR
- Wall Street indices (Dow Jones, S&P 500, Nasdaq) closed in the green.
- Expectations of a US-Iran agreement to end the Middle East conflict boosted markets.
- US President Donald Trump announced progress towards an agreement with Iran and suspended 'Operation Freedom', with potential cessation of military operations and blockade if Iran accepts peace terms.
- Oil prices (WTI) decreased to $95.08 per barrel due to the possibility of a US-Iran agreement.
- AMD's stock price increased by 18.6% after exceeding earnings expectations and forecasting optimistic outlooks for the second quarter.
- AMD's CEO attributed the revised forecasts to increased demand for CPUs driven by AI growth.
- Gold prices rose by 3% to $4,706 per ounce, and silver prices gained 6% to $77.98 per ounce.