# The Dow Jones Industrial Average jumps over 350 points.

*fintech · news · 2026-05-05 · The Economic Times*

## Key points

- US-Iran ceasefire progress has led to sharp declines in oil prices and market optimism.
- Micron's HBM chips for AI are sold out for the year, boosting semiconductor stocks.
- Intel and Apple are in early talks to manufacture processors in the US, signaling possible chip reshoring.
- About 78% of S&P 500 companies reporting have beaten analyst expectations, well above historical averages.
- Markets are pricing in a Fed rate cut if energy costs normalize as the Strait of Hormuz reopens.

**Companies:** Apple, Amazon, Pfizer, Anheuser-Busch, Micron Technology, Palantir, Tyson Foods
**Countries:** United States, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/why-us-stock-market-dow-jones-sp-500-and-nasdaq-are-surging-big-today-dow-jumps-350-points-nasdaq-jumps-250-points-as-intel-hits-all-time-high-driving-the-rally/articleshow/130832358.cms)

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