Missile

• Nasdaq and S&P 500 declined on May 4, 2026, following UAE's report of intercepting missiles from Iran amid escalating regional tensions. • Move counters last week's gains where NASDAQ posted a 10-day winning streak led by mega-cap tech on AI optimism and earnings. • Oil and US dollar rose, while gold and silver fell as investors favored risk assets despite conflict worries.

• North Korea launched multiple ballistic missiles into the Sea of Japan on Monday, prompting immediate condemnation from Seoul and Washington amid escalating tensions on the Korean Peninsula. • South Korea's military detected at least three missile launches, with analysts assessing the tests as part of Pyongyang's ongoing weapons development program. • The U.S. State Department condemned the launches as destabilizing and reiterated its commitment to defending South Korea and Japan through extended deterrence.

• US military missile inventories, including Tomahawks, Patriots, and THAAD interceptors, are depleting faster than production rates amid the Iran war launched February 28, 2026. • President Trump extended the Iran truce, prompting questions on whether it's a diplomatic move or a pause to resupply amid sustainability concerns. • The conflict, triggered by US-Israeli airstrikes killing Supreme Leader Ali Khamenei, has led to Iranian retaliation and Strait of Hormuz closure, disrupting global oil supplies.

• North Korea launched an intermediate-range ballistic missile from its western region Tuesday evening, the sixth such test in the past three months despite frozen nuclear diplomacy with the US. • US officials assessed the missile demonstrated improved guidance systems, suggesting continued weapons development despite economic sanctions and international isolation. • The test complicates efforts to restart dialogue, with South Korea calling for emergency trilateral talks involving Japan to address escalating regional security threats.

• North Korea fired two intermediate-range ballistic missiles into the Sea of Japan on April 17, just hours before the U.S. and South Korea began combined military exercises involving 40,000 troops, according to Japanese and South Korean defense officials. • The missiles traveled approximately 600 kilometers, prompting South Korean and Japanese military responses; U.S. Indo-Pacific Command condemned the test as destabilizing and a violation of UN Security Council resolutions. • Experts note the missile design appears improved from previous tests, suggesting continued technological advancement despite international sanctions and diplomatic isolation.

• Russia conducted one of the most intense single-day aerial assaults on Ukraine during the second year of the conflict, firing 659 drones and 44 long-range missiles at major cities. • Ukrainian officials reported widespread devastation including strikes on residential buildings, critical infrastructure, and southern port hubs, resulting in dozens of casualties and extensive damage. • The massive attack underscores the ongoing intensity of the Ukraine-Russia conflict and its humanitarian toll on civilian populations.