Salem Radio Network News Thursday, May 7, 2026

Business

Wall St opens higher as Middle East peace hopes, AI optimism boost sentiment

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May 6 (Reuters) – Wall Street’s main indexes opened higher on Wednesday, extending their strong run on hopes of a potential U.S.-Iran peace agreement and sustained enthusiasm around artificial intelligence.

The Dow Jones Industrial Average rose 143.9 points, or 0.29%, at the open to 49,442.19. The S&P 500 rose 34.9 points, or 0.48%, at the open to 7,294.14​, while the Nasdaq Composite rose 169.0 points, or 0.67%, to 25,495.166.

(Reporting by Niket Nishant and Utkarsh Hathi in Bengaluru; Editing by Pooja Desai)

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