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May Day Holiday Global Markets: U.S. Stocks and Non-Ferrous Metals Generally Rise, Crude Oil Clearly Pulls Back
Deep Tide TechFlow message, on May 06, according to market data, during the 2026 May Day holiday period (from April 30 15:00 to May 6 6:00), major global assets showed diverging performance. Stock indexes generally rose, with the Nasdaq up 2.65%, the S&P up 1.73%, the Dow up 0.89%, A50 stock index futures up 0.87%, and the Nasdaq China Golden Dragon Index up 1.44%.
In commodities, most non-ferrous metals strengthened: London aluminium rose 3.16%, London nickel rose 1.97%, London zinc rose 1.50%, and London copper rose 0.65%. Among agricultural products, U.S. cotton rose 5.85%, U.S. sugar rose 4.20%, and U.S. soybean oil rose 3.12%. The energy sector faced pressure, with WTI crude down 5.22%, Brent crude down 1.91%, and U.S. fuel oil down 2.75%. Precious metals edged lower, with U.S. gold down 0.70% and U.S. silver down 0.19%. In the foreign exchange market, the U.S. dollar index fell 0.49%, and the U.S. dollar against offshore RMB fell 0.23%.