Nasdaq Composite, S&P 500 close higher for 3rd consecutive session

US stocks continued on a positive trajectory on May 6, after achieving gains for the second week in a row, amid optimism in the quarterly business results and investor hopes that the Federal Reserve will begin a cycle of monetary easing.

In the oil market, futures contracts for Brent crude for July delivery rose by 0.45%, or 37 cents, to $83.33 per barrel.

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for June delivery rose by 0.45%, or 37 cents, to $78.48 per barrel.

In the oil market, futures contracts for Brent crude for July delivery rose by 0.45%, or 37 cents, to $83.33 per barrel.

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for June delivery rose by 0.45%, or 37 cents, to $78.48 per barrel.

As for gold, futures prices for the yellow metal for June delivery rose by 1%, or $22.6, to $2,331.2 per ounce, the highest level since the end of April's session ($2,357.7).

Treasury bond yields fell to their lowest levels in about three weeks, with markets monitoring this week's Treasury auctions, including $58 billion worth of three-year bonds on Tuesday, $42 billion worth of ten-year bonds on Wednesday, and $25 billion worth of thirty-year bonds on Thursday.