Salem Radio Network News Tuesday, May 5, 2026

Business

Wall St opens higher as oil slips despite Middle East tensions

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May 5 (Reuters) – Wall Street’s main indexes rose after market open on Tuesday as oil prices declined despite renewed Middle East tensions that threatened to upend a fragile truce after the U.S. and Iran exchanged fire ​in the Gulf.

The Dow Jones Industrial Average rose 95.2 points, or 0.19%, at the open to 49,037.12. The S&P 500 rose 32.9 points, or 0.46%, at the open to 7,233.62​, while the Nasdaq Composite rose 191.1 points, or 0.76%, to 25,258.882.

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

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