Today: 2 May 2026
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz
2 May 2026
29 mins read

US Stock Market Today: Live Updates 02.05.2026


LIVEMarkets rolling coverageStarted: Updated:

Chugai Pharmaceutical Reports Strong Q1 Earnings, Introduces Trust-Based Stock Plan

May 2, 2026, 1:28 AM EDT. Chugai Pharmaceutical (TSE:4519) posted robust first-quarter 2026 earnings, with sales of ¥291.6 billion, revenue of ¥321.7 billion, and net income of ¥115.4 billion surpassing prior year levels. The company's board unveiled a trust-based stock compensation system to better align management incentives with performance amid rising R&D expenses and strategic collaborations. Despite near-term strength, investors face risks from patent expiries, biosimilars, and National Health Insurance (NHI) price revisions that could pressure margins. Forecasts project ¥1.38 trillion revenue and ¥517 billion earnings by 2028, implying modest growth. Analysts remain divided, with some optimistic on AI-driven pipeline advancements, while others caution on pricing and competitive threats. The governance changes highlight an evolving incentive model as Chugai navigates opportunities and challenges in biologics and Roche partnership dynamics.

April Market Surge Defies Rising Oil and Bond Yields: What Investors Need to Know

May 2, 2026, 1:17 AM EDT. The S&P 500 jumped over 10% in April, marking its best month in nearly six years, despite oil prices climbing above $100 a barrel and bond yields hitting highs not seen since March. US stocks rallied on strong corporate earnings and hopes for an Iran ceasefire, while the tech-heavy Nasdaq soared 15%. Rising bond yields, with the 10-year Treasury at 4.4%, pushed mortgage rates above 6%, reflecting inflation fears linked to the oil surge. Experts caution that ongoing Middle East tensions could threaten growth and inflation outlooks. Investors who buy dips have powered the rebound, but risks remain as borrowing costs stay elevated amid uncertain geopolitical developments.

Option Care Health (OPCH) Shares Plunge 26% After Q1 Revenue Miss and Lowered Guidance

May 2, 2026, 1:16 AM EDT. Option Care Health's stock fell 26.4% after reporting first-quarter 2026 revenue of $1.35 billion, missing analyst expectations, and lowering full-year revenue guidance to a $5.73 billion midpoint, below prior estimates. Despite adjusted earnings per share of $0.40 beating forecasts but showing no growth year-over-year, the lowered guidance spooked investors and triggered a sharp sell-off. The stock closed at $19.86, down 26.1% for the day and trading 44.6% below its 52-week high. Previously, the company boosted its share repurchase program to $1 billion and maintained mixed but cautiously optimistic outlooks. Option Care shares have fallen 37.1% year-to-date, with limited volatility historically, highlighting the market's significant reaction to the earnings miss and revised forecasts.

Is Johnson & Johnson Stock Overpriced After 49.6% Yearly Surge?

May 2, 2026, 1:15 AM EDT. Johnson & Johnson (JNJ) shares have surged 49.6% over the past year but slipped 6.9% in the last month. The stock trades around $227.19 despite ongoing legal and regulatory challenges. A Discounted Cash Flow (DCF) analysis suggests JNJ is undervalued by 39.7%, with an intrinsic value estimate near $376.56 based on projected free cash flows rising to $35.9 billion by 2030. Investors remain cautious, balancing strong brand and product portfolio against litigation risks. The pharmaceutical giant's valuation scores moderately, indicating mixed potential for upside. This highlights ongoing investor debate over fair pricing amid fluctuating short-term pressures and long-term prospects.

Chery Automobile Undervalued Despite Recent Share Price Volatility: DCF Analysis Suggests 36% Upside

May 2, 2026, 1:14 AM EDT. Chery Automobile (SEHK:9973) shares have shown price volatility with a 7.7% drop last week and a 4.6% decline year-to-date, closing recently at HK$28.82. Despite this, a Discounted Cash Flow (DCF) valuation model estimates an intrinsic share value of HK$44.79, suggesting the stock is undervalued by 35.7%. The model projects growing free cash flow, from CN¥8.4 billion currently to CN¥26.3 billion by 2027. This contrasts with a cautious market sentiment amid ongoing focus on the Hong Kong auto sector and Chinese automaker competition. Chery's valuation score rates a full 6 out of 6, indicating strong potential value relative to current pricing.

Marriott Vacations Worldwide (VAC) Fairly Priced After Recent Rebound, Analysis Shows

May 2, 2026, 1:13 AM EDT. Marriott Vacations Worldwide (VAC) shares closed at $72.75, rebounding 28% over the last year despite longer-term declines. A Discounted Cash Flow model values the stock at $72.26, nearly equal to the current price, suggesting the shares are fairly priced. The company's recent free cash flow shows losses but projections for 2026 and beyond indicate growth potential, with free cash flow estimates rising to over $339 million in 2026. Simply Wall St assigns a moderate value score of 3 out of 6, reflecting mixed investor sentiment amid uneven earnings. Investors should monitor updates and valuation shifts as underlying business fundamentals evolve.

FTAI Q1 CY2026 Revenue Soars Amid Market Share Gains and Power Platform Progress

May 2, 2026, 1:12 AM EDT. FTAI Aviation (NASDAQ:FTAI) reported a 65.5% year-on-year revenue increase to $830.7 million for Q1 CY2026, surpassing analyst estimates by 12.1%. Adjusted earnings per share missed forecasts by 8.4%, coming in at $1.46. The company's adjusted EBITDA rose slightly above expectations, with margins at 39.2%. CEO Joseph Adams highlighted strong demand for leased engine solutions and a near doubling of engine module production, reflecting expanding market share in aerospace products. Progress continues on the commercial launch of its Mod 1 power turbine and strategic capital platform. President David Moreno said most of 2027 production is already committed or in advanced negotiation, focusing on multi-year deals. Despite a drop in operating margin, FTAI aims to balance growth investment with cautious capital deployment amid geopolitical and energy uncertainties.

QQQ Gains 1.1% Boosted by 5.9% Rise in STX Shares

May 2, 2026, 12:59 AM EDT. The Nasdaq-100 ETF QQQ rose 1.1%, propelled by Seagate Technology (STX) shares surging 5.9%. Key QQQ components also advanced, including Apple (AAPL) up 4.9%, Microsoft (MSFT) 2.0%, and Intel (INTC) 5.3%. STX insiders have sold 139 times in six months with no purchases, led by CEO William D Mosley unloading 144,584 shares valued at about $51 million. Analyst sentiment on STX remains strongly positive with eight buy ratings and no sell ratings, including 'Overweight' ratings from Barclays and Morgan Stanley. Investors track QQQ and STX data via Quiver Quantitative's dashboard, a platform providing real-time market signals and insider trading activity.

Intel Shares Surge 5.44% on Friday Amid Mixed Volume Signals

May 2, 2026, 12:58 AM EDT. Intel's stock jumped 5.44% on May 1, 2026, closing at $99.62 after trading between $92.61 and $100.45. This marked a 45.43% increase over two weeks. Despite the price rise, trading volume dipped by 449,000 shares to 156 million, raising concerns of divergence that may hint at a short-term pullback. The stock maintains strong buy signals from moving averages and technical indicators like MACD, with support levels at $94.75, $86.82, and $59.99. However, its Relative Strength Index (RSI) at 87 signals the stock is overbought, typically a sell indicator, though analysts suggest the upward trend may sustain it. Overall, Intel is viewed as a hold or accumulate candidate, with caution advised amid high volatility and mixed signals.

Viavi Solutions Stock Surges 14% on Strong Q1 Results and Robust Outlook

May 2, 2026, 12:57 AM EDT. Viavi Solutions (NASDAQ: VIAV) shares jumped 14.3% after reporting a first-quarter revenue increase of 42.8% to $406.8 million, surpassing analyst expectations. Its non-GAAP earnings per share rose 80% year-over-year to $0.27. The company projected Q2 revenue between $427 million and $437 million, an 8.6% beat on estimates, and forecasted non-GAAP earnings of $0.29 to $0.31. This strong outlook fueled investor confidence, driving the stock to close at $52.40, up 15.1%. The share price reflects a broader market shift favoring high-growth tech stocks amid easing geopolitical tensions. Viavi's stock has surged 187% year-to-date, hitting a 52-week high, and investors who bought five years ago have seen their holdings triple in value.

FingerMotion (FNGR) Shares Fall 2.8% on Lower Trading Volume

May 2, 2026, 12:56 AM EDT. FingerMotion Inc (NASDAQ:FNGR) saw its stock price drop 2.8% on Friday, closing at $0.9814 after hitting a low of $0.9704. Trading volume declined 26% to 154,313 shares, below the average 208,870 shares. Weiss Ratings reiterated a "sell (e+)" rating on April 21, reflecting cautious sentiment. The stock's 50-day moving average stands at $1.10, while the 200-day average is $1.26. Market cap is $60.14 million with a negative P/E ratio of -9.81. Institutional investors including Platform Technology Partners and Envestnet Asset Management increased stakes in recent quarters. FingerMotion provides affordable smartphones and digital services for emerging markets, focusing on mid-range devices under its Spyce brand.

Lebanon urged by U.S. to engage Israel as Hezbollah conflict escalates

May 2, 2026, 12:44 AM EDT. The U.S. Embassy in Beirut urged Lebanon's government to deepen talks with Israel, implicitly sidelining Iran-backed Hezbollah, a key player in Lebanon's politics and conflict. The embassy stressed Lebanon's historic chance to reclaim sovereignty and peace amid ongoing violence from Hezbollah-Israel clashes. Israel's offensive launched after Hezbollah attacks has killed nearly 2,590 people and displaced over a million. The embassy proposed a direct meeting between Lebanese and Israeli leaders, brokered by President Trump, to secure guarantees on sovereignty, borders, and humanitarian aid. Lebanon's Prime Minister Nawaf Salam held ceasefire talks with the U.S. Ambassador, focusing on negotiation efforts. The conflict remains volatile with frequent ceasefire violations from both Hezbollah and Israel, underscoring Lebanon's critical predicament.

Warburg Pincus, Kayne Anderson Eye $4 Billion Sale of WildFire Energy Amid Oil Price Surge

May 2, 2026, 12:43 AM EDT. Investment firms Warburg Pincus and Kayne Anderson are exploring a potential sale of U.S. shale operator WildFire Energy, with a deal valued above $4 billion including debt, sources said. WildFire is a major player in Texas' Eagle Ford shale, producing about 50,000 barrels of oil equivalent per day. The move comes amid a surge in crude prices, with U.S. oil benchmarks rising above $100 per barrel due to Middle East conflict. Higher prices have boosted valuations of energy assets, prompting owners to consider selling. This reflects broader market shifts as geopolitical tensions tighten energy supplies and drive up commodity values.

Roblox Corp. Stock Quote Price and Forecast

May 2, 2026, 12:25 AM EDT.Roblox Corp., a provider of online gaming services, offers a platform comprising Roblox Client, Roblox Studio, and Roblox Cloud. Roblox Client lets users explore 3D virtual worlds, while Roblox Studio is a development toolset for creators to build and manage these experiences. Roblox Cloud powers the infrastructure behind the platform's human co-experience features. Founded in 2004 by Erik Cassel and David B. Baszucki, the company is headquartered in San Mateo, California. The stock's performance reflects the growing demand for immersive online gaming and user-generated content.

Eric Trump's Crypto Venture Faces Legal Troubles and Market Collapse

May 2, 2026, 12:09 AM EDT.Eric Trump's crypto company Alt5 Sigma Corp is unraveling amid legal and financial turmoil. After stockpiling tokens from the Trump family's World Liberty Financial, Alt5 has removed Eric Trump from its leadership amid a lawsuit from crypto billionaire Justin Sun accusing the firm of freezing tokens and fraud. Since August, Alt5 shares have plunged about 90% to 74 cents. The company reported burning $341 million last fiscal year and expressed serious doubts about its survival. Previously an appliance recycler, Alt5 pivoted through biotech and fintech with a tumultuous recent history, including criminal charges against former executives. Eric Trump's crypto ventures reflect broader struggles, as Donald Trump's $TRUMP token and Truth Social's Bitcoin reserves suffer steep declines.

US Stock Market May 1, 2026: S&P 500 and Nasdaq Hit New Highs as Dow Dips

May 2, 2026, 12:08 AM EDT. U.S. stocks ended mixed on May 1, with the S&P 500 and Nasdaq reaching all-time highs while the Dow Jones Industrial Average edged down. The weekly gains across major indexes extended a rally fueled by strong corporate earnings and easing oil prices. Technology shares led the charge, buoyed by sectors like artificial intelligence and cloud computing, signaling sustained investor appetite for growth despite broader economic uncertainties. Meanwhile, traditional sectors lagged, reflecting a rotation toward growth over cyclical stocks. Investors remain cautious about inflation and geopolitical risks, even as earnings reports justify the market's elevated valuations and momentum.

Stock Market Today

  • Chugai Pharmaceutical Reports Strong Q1 Earnings, Introduces Trust-Based Stock Plan
    May 2, 2026, 1:28 AM EDT. Chugai Pharmaceutical (TSE:4519) posted robust first-quarter 2026 earnings, with sales of ¥291.6 billion, revenue of ¥321.7 billion, and net income of ¥115.4 billion surpassing prior year levels. The company's board unveiled a trust-based stock compensation system to better align management incentives with performance amid rising R&D expenses and strategic collaborations. Despite near-term strength, investors face risks from patent expiries, biosimilars, and National Health Insurance (NHI) price revisions that could pressure margins. Forecasts project ¥1.38 trillion revenue and ¥517 billion earnings by 2028, implying modest growth. Analysts remain divided, with some optimistic on AI-driven pipeline advancements, while others caution on pricing and competitive threats. The governance changes highlight an evolving incentive model as Chugai navigates opportunities and challenges in biologics and Roche partnership dynamics.

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 02.05.2026

2 May 2026
LIVEMarkets rolling coverageStarted: May 2, 2026, 12:00 AM EDTUpdated: May 2, 2026, 1:30 AM EDT Chugai Pharmaceutical Reports Strong Q1 Earnings, Introduces Trust-Based Stock Plan May 2, 2026, 1:28 AM EDT. Chugai Pharmaceutical (TSE:4519) posted robust first-quarter 2026 earnings, with sales of ¥291.6 billion, revenue of ¥321.7 billion, and net income of ¥115.4 billion surpassing prior year levels. The company's board unveiled a trust-based stock compensation system to better align management incentives with performance amid rising R&D expenses and strategic collaborations. Despite near-term strength, investors face risks from patent expiries, biosimilars, and National Health Insurance (NHI) price revisions that could
US Stock Market Today After Hours: Nasdaq Tops 25,000 As S&P 500 Hits Record High

US Stock Market Today After Hours: Nasdaq Tops 25,000 As S&P 500 Hits Record High

2 May 2026
Nasdaq 100 futures climbed 0.68% and S&P 500 futures edged up 0.06% in early after-hours trading Friday, while Dow futures slipped 0.48%. The S&P 500 and Nasdaq closed at record highs, driven by first-quarter S&P 500 profit growth of 27.8%, according to LSEG. Oil prices, inflation signals, and upcoming jobs data remain in focus. GameStop shares rose 4% after reports it was preparing an offer for eBay.
McDonald’s Corporation Stock Slides Before Earnings as Its Big Drink Bet Comes Due

McDonald’s Corporation Stock Slides Before Earnings as Its Big Drink Bet Comes Due

2 May 2026
McDonald’s shares fell 2.37% to $286.64 on Friday, underperforming rivals ahead of its May 7 earnings report and a U.S. launch of six new McCafé specialty drinks. The company will begin selling the drinks nationwide on May 6, adding beverage specialist roles at 14,000 restaurants. Investors are watching whether the new drinks and value offers can boost traffic without slowing service or hurting margins.
US Stock Market Today After Hours: Nasdaq Tops 25,000 As S&P 500 Hits Record High
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US Stock Market Today After Hours: Nasdaq Tops 25,000 As S&P 500 Hits Record High

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