U.S. stocks bounce, Nasdaq climbs 258 points

Lola Evans
06 May 2026, 01:36 GMT+10

The Dow Jones Industrial Average continued its march into record territory, climbing 356.44 points to close at 49,298.34, a rise of 0.73 percent.
The Standard and Poor's 500 also posted solid gains, advancing 58.47 points to finish at 7,259.22, an increase of 0.81 percent.
The Nasdaq Composite was the day's standout performer, surging 258.32 points to close at 25,326.13, a gain of 1.03 percent.

NEW YORK, New York - U.S. stock markets closed higher across the board on Tuesday, led by a powerful rally in technology shares.

The Nasdaq Composite was the day's standout performer, surging 258.32 points to close at 25,326.13, a gain of 1.03 percent. Trading volume for the Nasdaq reached 6.344 billion shares, reflecting strong investor participation in tech-heavy names.

The Standard and Poor's 500 also posted solid gains, advancing 58.47 points to finish at 7,259.22, an increase of 0.81 percent. The broad-market index traded on volume of 3.094 billion shares, hitting a session high of 7,273.26 and a low of 7,233.62, after opening at 7,233.62.

The Dow Jones Industrial Average continued its march into record territory, climbing 356.44 points to close at 49,298.34, a rise of 0.73 percent. The blue-chip index opened at 49,009.11, touched an intraday high of 49,365.22 and a low of 49,009.11, on volume of 389.811 million shares.

U.S. Dollar Edges Higher Against Yen as FX Markets Show Cautious Trading Tuesday

Foreign exchange markets saw a mix of modest moves and sideways trading on Tuesday, with the U.S. dollar posting small gains against the Japanese yen and the British pound while slipping slightly against the Swiss franc and Canadian dollar.

The euro traded virtually flat on the day. The EUR/USD pair rose by just 0.000520 to finish at 1.1694, a fractional gain of 0.04 percent. The pair opened at 1.1692, traded as high as 1.1713, and touched a low of 1.1676.

Sterling posted a slight advance against the greenback. The GBP/USD pair added 0.000990 to close at 1.3541, an increase of 0.07 percent. Trading ranged between a low of 1.3513 and a high of 1.3578, with an opening price of 1.3532.

The dollar saw its strongest move of the session against the Japanese currency. USD/JPY climbed 0.6770 to settle at 157.90, a gain of 0.43 percent. The pair opened at 157.22, reached a high of 157.92, and bottomed out at 157.08.

In contrast, the Swiss franc edged higher against the dollar. USD/CHF fell 0.000755 to close at 0.7831, a decline of 0.1 percent. The pair opened at 0.7838, peaked at 0.7848, and fell to a low of 0.7813.

The Canadian dollar held its ground firmly against its U.S. counterpart. USD/CAD was essentially unchanged, slipping just 0.000025 to finish at 1.3624, representing a move of 0 percent. The trading range was narrow, with a high of 1.3630 and a low of 1.3604, against an opening of 1.3624.

The Australian dollar posted a solid gain. AUD/USD rose 0.001455 to end the day at 0.7181, an increase of 0.2 percent. The pair opened at 0.7169, traded up to 0.7197, and saw a low of 0.71358.

The New Zealand dollar also advanced against the greenback. NZD/USD added 0.001395 to close at 0.5885, a gain of 0.24 percent. The pair opened at 0.5873, reached a high of 0.5906, and touched a low of 0.5856.

Overall, Tuesday's forex trading was characterized by modest percentage moves, with the yen seeing the strongest relative shift against the dollar while the loonie remained effectively flat.

Global Stock Markets Close Mixed on Tuesday as DAX Surges, FTSE Slides

World stock markets delivered a mixed performance on Tuesday, with European benchmarks posting solid gains while Asian and Pacific indices mostly trended downward, according to closing data.

Canada's markets told a slightly different story. The S&P/TSX Composite index fell 71.96 points to end the session at 33,566.91, a decline of 0.21 percent. Volume on the Toronto exchange totaled 235.766 million shares.

In Europe, Germany's DAX P was the standout performer, soaring 410.43 points to close at 24,401.70, a gain of 1.71 percent. The EURO STOXX 50 I also had a strong session, advancing 106.02 points to 5,869.63, an increase of 1.84 percent. France's CAC 40 added 86.19 points to finish at 8,062.31, rising 1.08 percent, while the Euronext 100 Index climbed 27.20 points to 1,801.85, a move of 1.53 percent. Belgium's BEL 20 closed higher by 87.96 points at 5,440.14, a gain of 1.64 percent.

However, London's FTSE 100 bucked the European trend, falling 144.82 points to end the day at 10,219.11, a drop of 1.40 percent.

Asian markets ended Tuesday on a weaker footing. Hong Kong's HANG SENG INDEX declined 197.27 points to 25,898.61, a loss of 0.76 percent. Singapore's STI Index slipped 3.70 points to 4,920.61, down just 0.08 percent. In Australia, the S&P/ASX 200 lost 16.60 points to close at 8,680.50, a decrease of 0.19 percent, while the broader ALL ORDINARIES fell 20.50 points to 8,903.30, down 0.23 percent.

India's S&P BSE SENSEX gave up 251.61 points to settle at 77,017.79, a decline of 0.33 percent. New Zealand's S&P/NZX 50 INDEX fell 61.98 points to 13,035.70, down 0.47 percent.

There were notable standouts in the region, however. South Korea's KOSPI Composite Index staged a massive rally, rocketing 338.12 points to close at 6,936.99, an impressive gain of 5.12 percent. Indonesia's IDX COMPOSITE rose 85.15 points to 7,057.11, a gain of 1.22 percent, and Malaysia's FTSE Bursa KLCI added 7.66 points to 1,747.43, up 0.44 percent. Taiwan's TWSE Capitalization Weighted Stock Index edged up 64.15 points to 40,769.29, a gain of 0.16 percent, while Japan's Nikkei 225 advanced 228.22 points to 59,513.12, climbing 0.38 percent.

Elsewhere, Israel's TA-125 rose 40.53 points to 4,481.04, a gain of 0.91 percent, and Egypt's EGX 30 Price Return Index climbed 584.10 points to 52,557.60, an increase of 1.12 percent on volume of 496.936 million. South Africa's Top 40 USD Net TRI Index added 40.93 points to 6,902.48, up 0.60 percent. China's SSE Composite Index closed slightly higher, gaining 4.65 points to 4,112.16, an increase of 0.11 percent on volume of 1.267 billion shares.