Top Stock Gainers Today, 5/6/26

The S&P 500 (SPX) reached a new all-time high on Wednesday amid growing optimism for a peace deal between the U.S. and Iran.

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Let’s break down the sectors behind the performance.

Today’s Top-Performing Sector 

Industrials was the top-performing sector on Wednesday, powered by a strong earnings report from Uber (UBER). United Airlines (UAL) was also a top performer and benefited from lower oil prices, which reduce transportation costs. The sector’s strength reflects a rotation into cyclical industries as cost pressures ease.

Several industrial stocks led the sector’s gains, including:

• Builders FirstSource (BLDR)
• Uber (UBER)
• GE Aerospace (GE)
• Emerson Electric Company (EMR)
• United Airlines (UAL)

Today’s Worst-Performing Sector 

Meanwhile, the energy sector faced the largest drawdown as Brent crude oil (BZ) faced an 8% drawdown. Investors grew hopeful that the U.S. and Iran will be able to reach a peace deal and reopen the Strait of Hormuz, which handles roughly 20% of global oil flows. Oil prices could fall even further if traffic through the waterway resumes, which could lower margins and revenue forecasts for energy companies.

Notable energy stocks trading lower include:

• Devon Energy (DVN)
• Coterra Energy (CTRA)
• APA (APA)
• Occidental Petroleum (OXY)
• Valero Energy (VLO)