Wall St opens higher as oil slips despite Middle East tensions

May 5, 2026 9:34 AM EDT

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 1, 2026. REUTERS/Jeenah Moon/ File Photo

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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