US stock markets today (May 5, 2026): S&P 500 nears record high; oil cool

US stock markets moved closer to record levels on Tuesday as easing oil prices shifted investor focus back to strong corporate earnings, AP reported. The S&P 500 rose 0.6 per cent and was on track to surpass its all-time high set last week. The Dow Jones Industrial Average gained 248 points, or 0.5 per cent, while the Nasdaq Composite advanced 0.7 per cent, also heading toward record territory. Markets found support after Brent crude prices fell 3.3 per cent to $110.70 per barrel, retreating from levels above $115 seen on Monday. However, prices remain significantly higher than the roughly $70…