US stocks fall for second straight session; Dow Jones posts lone gain

05/02/2026 Argaam Exclusive

US stocks fell for the second straight session at the close of Wednesday’s trading, but the Dow Jones Industrial Average rose alone, as investors continued to shy away from technology-sector risk.

International Market

By the close, the Dow Jones Industrial Average gained 0.53%, or 260 points, to 49,501.
 
However, the broader S&P 500 fell 0.51%, or 35 points, to 6,882, while the Nasdaq Composite dropped 1.51%, or 350 points, to 22,904.
 
In Europe, the Stoxx Europe 600 index settled flat at 618.12 points, as gains in the defense and chemicals sectors offset losses in healthcare stocks.
 
Germany’s DAX slipped 0.70% to 24,603 points, while France’s CAC 40 rose 1% to 8,262 points, and Britain’s FTSE 100 added 0.85% to 10,402 points.
 
In Japan, the Nikkei 225 fell 0.80% to 54,293 points, while the broader Topix index rose 0.25% to 3,655 points.

As for oil, Brent crude futures for April delivery climbed 3.16%, or $2.13, to $69.46 a barrel.

 

US Nymex crude futures for March delivery also rose 3%, or $1.93, to $65.14 a barrel.

 

Gold futures for April delivery increased 0.32%, or $15.8, to $4,950.80 an ounce, after touching $5,113 earlier in the session.

 

Pressure persisted in the technology sector as investors avoided risk amid concerns over an artificial intelligence bubble and the negative impact of the emerging technology on software companies’ business models.

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
109.03
7.87
7.82 %
Nymex
111.54
11.42
11.54 %
Natural Gas
2.80
(0.02)
(0.68 %)
Gold
4,672.12
(4.21)
(0.09 %)
Silver
72.81
0.01
0.01 %
High Grade Copper
5.58
(0.06)
(1.12 %)
Iron Ore
107.45
(0.06)
(0.06 %)
Aluminum
3,401.00
(42.25)
(1.23 %)
LEAD
1,934.50
(3.50)
(0.18 %)
Zinc
3,253.50
(30.00)
(0.91 %)
Steel
1,051.00
2.00
0.19 %
Wheat (CBOT)
598.25
0.60
0.10 %
Corn (CBOT)
452.25
(2.00)
(0.44 %)
Coffee (ICEUS)
295.40
(2.40)
(0.80 %)
Whole Milk Powder
3,987.50
112.50
2.82 %
Skim Milk Powder
3,200.00
187.50
5.86 %
Refining margins
21.71
9.36
75.79 %
VLCC "Spot"
-
-
-
LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
-
-
-
VLCC "TC/1Year" ($)
-
-
-

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.