--- title: "More Intraday Records as Investors Cling to Peace Deal Hopes" type: "News" locale: "en" url: "https://longbridge.com/en/news/285584644.md" description: "The Nasdaq and S&P 500 reached new intraday highs, driven by falling crude prices and optimism over a potential U.S.-Iran peace deal, despite disappointing jobs data. Whirlpool Corp's stock fell 12.6% after a Q1 sales miss and dividend suspension, while Wolfspeed Inc surged 8.7% following strong earnings. Conversely, Shake Shack Inc dropped 27% due to a first-quarter loss and challenges from the U.S.-Iran conflict, marking its worst daily decline." datetime: "2026-05-07T16:07:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285584644.md) - [en](https://longbridge.com/en/news/285584644.md) - [zh-HK](https://longbridge.com/zh-HK/news/285584644.md) --- # More Intraday Records as Investors Cling to Peace Deal Hopes With the exception of the Dow Jones Industrial Average (DJI) trading just below breakeven, markets are moving higher, the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) hitting fresh records by midday. Fueling today's upbeat sentiment is an extended pullback in crude prices, hopes that the U.S. and Iran are **nearing a peace agreement**, as well as a handful of agreeable earnings reports. Jobs data did come in below estimates, however, ushering a 200,000 reading for the week, below expectations of 206,000. - Social media name **slips on grim outlook**. - Struggling **quantum stock to watch** after earnings. - Plus, Whirlpool suffers war headwinds; chip giant sees more records; and the fast food stock to avoid. **Whirlpool Corp (NYSE:WHR)** stock has made its way onto the short sale restricted (SSR) list today, last seen down 12.6% at $47.85 after the appliance manufacturer posted a Q1 sales miss and suspended its dividend. WHR is now trading at roughly 17-year lows, though the descending 50-day moving average is adding a layer of pressure. Options traders have swarmed in response, with over 14,000 puts across the tape, 13 times the average rate and more than double the amount of calls traded. Most popular are the May 45 and 47.50 puts, with new positions opening at the latter. **Semiconductor name** **Wolfspeed Inc (NYSE:WOLF)** is one of the top stocks on the New York Stock Exchange (NYSE) today, up 8.7% to trade at $46.66, earlier tapping a record high of $49. WOLF is extending yesterday's post-earnings pop, headed for a third-straight daily win and adding to its now 171% year-to-date gain. On the flip side, fast-food chain **Shake Shack Inc (NYSE:SHAK)** is one of the **worst performers** on the NYSE this afternoon, gapping 27% lower to trade at $70.08, after the company posted a first-quarter loss. The executive team cited short-term headwinds from the ongoing U.S.-Iran war and announced a new chief financial officer. SHAK has shed 15% in 2026 and is headed for its worst daily drop on record. ### Related Stocks - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [WOLF.US](https://longbridge.com/en/quote/WOLF.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [WHR.US](https://longbridge.com/en/quote/WHR.US.md) - [SHAK.US](https://longbridge.com/en/quote/SHAK.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [SPUU.US](https://longbridge.com/en/quote/SPUU.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [WHR-A.US](https://longbridge.com/en/quote/WHR-A.US.md) ## Related News & Research - [Polymarket Launches Prediction Markets Tied to Private Companies](https://longbridge.com/en/news/286945839.md) - [LIVE MARKETS-In Europe, 'the pessimists are back'](https://longbridge.com/en/news/286894777.md) - [Jobs stall and prices surge amid Trump’s Iran-fueled economic turmoil](https://longbridge.com/en/news/287231681.md) - [U.S. economy is showing the strain from Iran war as nearly 3-month conflict drags on](https://longbridge.com/en/news/287242352.md) - [Recently, mortgage rates reached their highest level since the start of the war, now at 6.5%. Inflation concerns drive the increase.](https://longbridge.com/en/news/287257445.md)