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Nasdaq Rallies as Intel Jumps, Oil Slides and Volatility Eases
U.S. stocks finished higher Tuesday as investors piled back into technology shares and volatility eased, even as gasoline prices continued climbing nationwide and concerns about artificial intelligence disrupting the software industry rattled parts of the tech sector. The Dow Jones Industrial Average rose 356 points, or 0.73%, to 49,298, while the S&P 500 gained 58 points, or 0.81%, to 7,259. The Nasdaq Composite advanced 258 points, or 1.03%, to 25,326.
Markets traded steadily higher through most of the session as semiconductor stocks extended recent momentum tied to artificial-intelligence infrastructure spending. IntelINTC-- was among the session’s standout performers after reports tied the company to potential domestic chip manufacturing partnerships. Shares of Intel surged more than 10%, making it one of the strongest performers in the Nasdaq-100, while PayPal dropped more than 11% amid continued weakness in fintech shares, according to AInvest.
Technology sentiment was also shaped by comments from Anthropic Chief Executive DArio Amodei, who warned that some legacy software companies could “go bankrupt” if they fail to adapt to the rapid adoption of artificial intelligence tools. Reuters reported that Anthropic is expanding aggressively into financial-services AI products as major banks and insurers accelerate AI deployments.
The market’s risk tone improved as the CBOE Volatility Index, or VIX, fell 5.63% to 17.26, signaling easing investor anxiety after recent geopolitical turbulence.
Commodity markets painted a more mixed picture. Gold futures climbed 0.74% to 4,566.80 as investors continued seeking inflation hedges, while crude oil futures fell 3.55% to 102.64 a barrel after concerns surrounding Iran war supply disruptions eased somewhat during the trading session.
Even with oil retreating Tuesday, gasoline prices continued rising sharply nationwide. AAA said the national average price for regular gasoline climbed to $4.483 per gallon on May 5, up from $4.176 a week ago as elevated crude prices and supply concerns continued filtering through to consumers.
Investors are now turning attention toward earnings reports Wednesday from Disney, Uber, and CVS before the opening bell.
Adam Shapiro is a three-time Emmy Award–winning content creator, former network news correspondent, and founder of the multimedia production company TALKENOMICS. At AInvest, he created and launched Capital & Power, a video podcast series designed to drive engagement and establish thought leadership, while also producing original live streams, financial articles, and investor-focused video content. Previously, as a correspondent at FOX Business, Shapiro established the network’s Washington, D.C. bureau, reported from the White House, Capitol Hill, and the Federal Reserve, and secured exclusive bipartisan interviews with influential leaders. His reporting helped solidify FOX Business as the most-watched business channel on television. At the same time, his original Talkenomics series drew tens of thousands of viewers per episode through insightful conversations with policymakers, economists, and thought leaders. At Yahoo Finance, he played a critical leadership role in expanding digital programming to eight hours of live, bell-to-bell financial news coverage, dramatically increasing traffic from 68M to 104M unique monthly visitors and growing ad revenue from zero to over $50 million annually. Yahoo Finance continues to benefit from the credibility of Shapiro’s exclusive interviews with former President Donald Trump and numerous Fortune 500 CEOs.
