Attacks on the UAE escalate geopolitical risks - Apple considers Intel and Samsung as chip backup - Palantir crushes quarterly figures - Pinterest stock soars - Duolingo focuses on growth and increasing profitability
Reading Time: 5 minutes
The week began on Wall Street on Monday, May 4, 2026, with less enthusiasm and more a sudden return of nervousness. The Dow Jones closed significantly weaker, losing about 1.1% to 48,941.90 points. The broader S&P 500 fell moderately by about 0.4% to 7,200.77 points, while the technology-heavy Nasdaq Composite remained relatively stable, only dropping about 0.2% to 25,067.80 points. What initially appeared to be a calm consolidation quickly turned into a geopolitical-driven pullback. Escalations around the Strait of Hormuz pushed oil prices...
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