By William Collins, consultant in stock markets – Eurasia Business News, May 6, 2026. Article no 2096
U.S. stocks rose on May 6, as oil prices fell further on renewed optimism that the U.S.-Iran conflict could ease, with investors also cheering a strong AI-led rally in global equities.
Oil was under pressure because traders saw signs of progress in talks with Tehran, including reports that President Trump temporarily paused “Project Freedom” to give negotiations time.
That helped support risk appetite across markets, while chipmakers and AI-linked names strengthened the rally.
The U.S. is reportedly getting close to a deal with Iran on a one-page memorandum of understanding to end the conflict. The memorandum is expected to set a detailed plan for comprehensive nuclear talks between the two countries, Axios reported, citing two U.S. officials and two other sources.
Brent crude was down 8.58%, to trade at $100.4 per barrel on Wednesday at 6:40 a.m. ET, while WTI was down 9.82%, to trade at $92.23.
Market snapshot
- S&P 500: up 0.81% to 7,259.22.
- Nasdaq: up 1.03%.
- Dow: up 0.73%.
- Brent crude: down to about $100.4 a barrel.
- WTI: down to about $92.23 a barrel.
The message from markets is that lower geopolitical risk can quickly translate into weaker oil and stronger equities, especially when growth stocks are already being helped by AI enthusiasm.
Even so, crude remained well above pre-war levels, so the market was pricing optimism rather than a full normalization.
In earnings news, Advanced Micro Devices (AMD) shares rose 6% in extended trading Tuesday after the semiconductor company reported first-quarter results and guidance that topped Wall Street’s forecast. The ADP Employment Report is due during market hours.
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On May 6, morning, gold price was around $4,712 per ounce, silver price was around $73.30 per ounce, and Bitcoin was trading around the low $80,000s, with prediction markets clustering around the $81,000–$82,000 area.
Prices
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© Copyright 2026 – Eurasia Business News. Article no. 2096
Eurasia Business News 