Markets Look Past War Risks as Earnings Remain Strong and Broadening Continues

Published on May 5, 2026

Despite lingering geopolitical tensions, higher oil prices, and renewed inflation concerns, equities moved higher in April, supported by a strong start to the Q1 earnings season and resilient economic growth.

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ISM Services PMI: Continued Expansion in April

May 5, 2026
The Institute for Supply Management (ISM) released its April Services Purchasing Managers' Index (PMI), with the headline composite index at 53.6. This was lower than the forecast of 53.7 but keeps the index in expansion territory for a 22nd consecutive month.

Raymond James Announces Client 360 Platform, AI Advisor Academy

May 5, 2026
Raymond James highlighted artificial intelligence spending and tools for advisors at its annual conference in Las Vegas.