The New York stock market opened higher on the 5th (local time), lifted by a drop in international oil prices and improved results from major corporations.
At 10 a.m. local time on the New York Stock Exchange, the Dow Jones Industrial Average was up 216.32 points, or 0.44%, at 49,158.22. The Standard & Poor's (S&P) 500 rose 49.35 points, or 0.69%, to 7,250.10, and the Nasdaq composite was up 223.61 points, or 0.89%, at 25,291.41.
The decline in international oil prices is seen as having influenced the market. On the New York Mercantile Exchange, West Texas Intermediate (WTI) was down 3.97% from the previous session at $102.20, and on the ICE Futures Exchange, Brent was trading at $111.15, down 3.25% from the previous session.
Armed conflict between the United States and Iran has resumed, but oil prices are stabilizing after the Ministry of National Defense said that a "cease-fire is being maintained." Minister Pete Hegseth said when asked whether the cease-fire with Iran had ended due to the previous day's engagement, "No, the cease-fire has not ended."
Results from major corporations also appear to have contributed to the gains. Pfizer said first-quarter revenue was $14.45 billion, up 5% from the same period a year earlier. Shares rose as expectations grew that this year's results will improve.
Intel jumped 11.30% after reports that Apple held early-stage talks on using Intel's semiconductor manufacturing services. Image-sharing platform Pinterest rose 14% after its second-quarter guidance beat expectations.