#USMarketUpdate
S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins $1 trillion club | Reuters
SUMMARY
Indexes: Dow down 0.23%, S&P 500 up 0.61%, Nasdaq up 1.2%
Micron joins $1 trillion market-cap club, surges after UBS triples PT
S&P 500, Nasdaq, Russell 2000 touched intraday record highs
Dow weakens, hurt by consumer stocks
NEW YORK, May 26 (Reuters) -
The S&P 500 and Nasdaq hit record closing highs on Tuesday, as AI-fueled optimism offset anxiety over Middle āEast peace talks ā concerns that were compounded by recent U.S. strikes on Iran.
Semiconductor stocks, which have surged on AI-driven demand, led gains, with Micron (MU.O), opens new tab gaining 19%, hitting $1 trillion in market value for the first time after UBS increased its price target on the stock to $1,625 from $535.
Upbeat earnings and renewed confidence in AI trade have driven U.S. āequities higher despite the ongoing conflict with Iran, with investors now turning their attention to IPOs of some of the largest private āAI companies, including SpaceX (SPCX.O), opens new tab....
The market took comfort from comments by U.S. Secretary of State Marco Rubio, who said that a deal with Tehran to halt the conflict could "take a few days," while Iran's Tasnim news agency reported that Tehran was seeking the release of $24 billion of Iranian funds frozen overseas...
The S&P 500, the Nasdaq and the Russell 2000 (.RUT), opens new tab touched intraday record highs on Tuesday, underscoring the strength of the recent rally.
Brent crude futures climbed about 4% on Tuesday after the U.S. military carried out strikes in Iran, āadding to uncertainty over whether a ādeal would be reached soon to ā end the war and open up shipping flows through the Strait of Hormuz.
Qualcomm (QCOM.O), opens new tab rose almost 4.5% after Bloomberg News reported it reached a deal with TikTok owner ByteDance to supply chips, while Marvell Technology (MRVL.O), opens new tab ended 6% higher. āThe Philadelphia SE Semiconductor Index (.SOX), opens new tab hit an all-time high, gaining 5.5%.
With the earnings season winding down, first-quarter earnings āgrowth is expected ā to be 29% year-on-year compared with the 16.1% estimated a month ago, according to LSEG data from Friday.
https://www.reuters.com/business/wall-st-futures-gain-us-iran-peace-talk-hopes-2026-05-26/
S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins $1 trillion club
https://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-hit-record-closing-highs-on-ai-optimism-micron-joins-1-trillion-club
S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins $1 trillion club | Reuters
SUMMARY
Indexes: Dow down 0.23%, S&P 500 up 0.61%, Nasdaq up 1.2%
Micron joins $1 trillion market-cap club, surges after UBS triples PT
S&P 500, Nasdaq, Russell 2000 touched intraday record highs
Dow weakens, hurt by consumer stocks
NEW YORK, May 26 (Reuters) -
The S&P 500 and Nasdaq hit record closing highs on Tuesday, as AI-fueled optimism offset anxiety over Middle āEast peace talks ā concerns that were compounded by recent U.S. strikes on Iran.
Semiconductor stocks, which have surged on AI-driven demand, led gains, with Micron (MU.O), opens new tab gaining 19%, hitting $1 trillion in market value for the first time after UBS increased its price target on the stock to $1,625 from $535.
Upbeat earnings and renewed confidence in AI trade have driven U.S. āequities higher despite the ongoing conflict with Iran, with investors now turning their attention to IPOs of some of the largest private āAI companies, including SpaceX (SPCX.O), opens new tab....
The market took comfort from comments by U.S. Secretary of State Marco Rubio, who said that a deal with Tehran to halt the conflict could "take a few days," while Iran's Tasnim news agency reported that Tehran was seeking the release of $24 billion of Iranian funds frozen overseas...
The S&P 500, the Nasdaq and the Russell 2000 (.RUT), opens new tab touched intraday record highs on Tuesday, underscoring the strength of the recent rally.
Brent crude futures climbed about 4% on Tuesday after the U.S. military carried out strikes in Iran, āadding to uncertainty over whether a ādeal would be reached soon to ā end the war and open up shipping flows through the Strait of Hormuz.
Qualcomm (QCOM.O), opens new tab rose almost 4.5% after Bloomberg News reported it reached a deal with TikTok owner ByteDance to supply chips, while Marvell Technology (MRVL.O), opens new tab ended 6% higher. āThe Philadelphia SE Semiconductor Index (.SOX), opens new tab hit an all-time high, gaining 5.5%.
With the earnings season winding down, first-quarter earnings āgrowth is expected ā to be 29% year-on-year compared with the 16.1% estimated a month ago, according to LSEG data from Friday.
https://www.reuters.com/business/wall-st-futures-gain-us-iran-peace-talk-hopes-2026-05-26/
S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins $1 trillion club
https://www.straitstimes.com/business/companies-markets/sp-500-nasdaq-hit-record-closing-highs-on-ai-optimism-micron-joins-1-trillion-club
While You Were Sleeping: 5 stories you might have missed, May 27, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-may-27-2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-may-27-2026
The Straits Times
While You Were Sleeping: 5 stories you might have missed, May 27, 2026
While You Were Sleeping: 5 stories you might have missed, May 27, 2026. Read more at straitstimes.com. Read more at straitstimes.com.
NASA taps Bezosā Blue Origin, Firefly for moon base contracts
https://www.straitstimes.com/world/united-states/nasa-taps-bezos-blue-origin-firefly-for-moon-base-contracts
https://www.straitstimes.com/world/united-states/nasa-taps-bezos-blue-origin-firefly-for-moon-base-contracts
The Straits Times
NASA taps Bezosā Blue Origin, Firefly for moon base contracts
Lunar Outpost and Astrolab were rewarded contracts worth $281 million each for building rovers that can travel autonomously on the moon. Read more at straitstimes.com. Read more at straitstimes.com.
SpaceX set for fast entry into US, global indexes under new FTSE rules
https://finance.yahoo.com/markets/stocks/articles/spacex-set-fast-entry-us-214118178.html
https://finance.yahoo.com/markets/stocks/articles/spacex-set-fast-entry-us-214118178.html
Yahoo Finance
SpaceX set for fast entry into US, global indexes under new FTSE rules
Elon Musk's SpaceX is eligible for inclusion in both the Russell U.S. Equity Indexes and FTSE āGlobal Equity Index Series under newly announced fast-entry rules, according āto index provider FTSE Russell. FTSE Russell, a London Stock Exchange Group businessā¦
Wayfair and Carvana Shares Are Soaring, What You Need To Know
https://finance.yahoo.com/markets/stocks/articles/wayfair-carvana-shares-soaring-know-213528833.html
https://finance.yahoo.com/markets/stocks/articles/wayfair-carvana-shares-soaring-know-213528833.html
Yahoo Finance
Wayfair and Carvana Shares Are Soaring, What You Need To Know
A number of stocks jumped in the afternoon session after Iran-US peace progress and the broader market hitting all-time highs lifted sentiment.
Stock Market Today, May 26: Intuitive Machines Reverses Lower After NASA Rover Awards Go to Astrolab, Lunar Outpost
https://finance.yahoo.com/markets/stocks/articles/stock-market-today-may-26-213104438.html
https://finance.yahoo.com/markets/stocks/articles/stock-market-today-may-26-213104438.html
Yahoo Finance
Stock Market Today, May 26: Intuitive Machines Reverses Lower After NASA Rover Awards Go to Astrolab, Lunar Outpost
Record Q1 revenue and a $1.1 billion backlog gave Intuitive Machines a strong operating backdrop, but NASAās rover awards to Lunar Outpost and Astrolab shifted attention to backlog conversion and the next round of lunar infrastructure work.
US Space Force awards SpaceX $2.29 billion contract for military space data network
https://finance.yahoo.com/sectors/technology/articles/us-space-force-awards-spacex-211250093.html
https://finance.yahoo.com/sectors/technology/articles/us-space-force-awards-spacex-211250093.html
Yahoo Finance
US Space Force awards SpaceX $2.29 billion contract for military space data network
The U.S. Space Force has awarded SpaceX a $2.29 billion contract to build āa secure, high-speed satellite communications network to connect āmilitary sensors and weapons platforms across the globe, the service announced on Tuesday. The āfixed-price nontraditionalā¦
Rocket, Satellite Stocks Surge as SpaceX IPO Fuels Euphoria
https://finance.yahoo.com/markets/stocks/articles/rocket-satellite-stocks-surge-spacex-154532336.html
https://finance.yahoo.com/markets/stocks/articles/rocket-satellite-stocks-surge-spacex-154532336.html
Yahoo Finance
Rocket, Satellite Stocks Surge as SpaceX IPO Fuels Euphoria
(Bloomberg) -- Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified after Elon Muskās SpaceX filed for a public offering last week.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrumpā¦
Zscaler sees downbeat quarterly revenue as competition heats up in cybersecurity market
https://finance.yahoo.com/markets/stocks/articles/zscaler-nasdaq-zs-q1-cy2026-201142243.html
https://finance.yahoo.com/markets/stocks/articles/zscaler-sees-downbeat-quarterly-revenue-204152090.html
https://finance.yahoo.com/markets/stocks/articles/zscaler-nasdaq-zs-q1-cy2026-201142243.html
https://finance.yahoo.com/markets/stocks/articles/zscaler-sees-downbeat-quarterly-revenue-204152090.html
Yahoo Finance
Zscalerās (NASDAQ:ZS) Q1 CY2026: Beats On Revenue But Stock Drops 16.1%
Cloud security platform Zscaler (NASDAQ:ZS) beat Wall Streetās revenue expectations in Q1 CY2026, with sales up 25.4% year on year to $850.5 million. The company expects next quarterās revenue to be around $876.5 million, close to analystsā estimates. Itsā¦
Retailers Dominated the Headlines This Earnings Season -- Here Are the Winners and Losers
https://finance.yahoo.com/markets/stocks/articles/retailers-dominated-headlines-earnings-season-203500548.html
https://finance.yahoo.com/markets/stocks/articles/retailers-dominated-headlines-earnings-season-203500548.html
Yahoo Finance
Retailers Dominated the Headlines This Earnings Season -- Here Are the Winners and Losers
Target is bouncing back, but Kohl's remains in the penalty box.
Billionaire Mark Cuban says bye-bye Bitcoin: Why he is ādisappointedā by crypto
https://finance.yahoo.com/markets/crypto/articles/billionaire-mark-cuban-says-bye-202505529.html
https://finance.yahoo.com/markets/crypto/articles/billionaire-mark-cuban-says-bye-202505529.html
Yahoo Finance
Billionaire Mark Cuban says bye-bye Bitcoin: Why he is ādisappointedā by crypto
āItās not the hedge that I expected it to be,ā Cuban said
The U.S. Government Just Bet $2 Billion on 9 Quantum Computing Companies. Here's What It Means for Investors.
https://finance.yahoo.com/markets/stocks/articles/u-government-just-bet-2-192700206.html
https://finance.yahoo.com/markets/stocks/articles/u-government-just-bet-2-192700206.html
Yahoo Finance
The U.S. Government Just Bet $2 Billion on 9 Quantum Computing Companies. Here's What It Means for Investors.
Nearly half of the planned funding is slated for one profitable tech giant. And the other beneficiaries may be too speculative.
Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening
https://finance.yahoo.com/sectors/energy/articles/oil-advances-strikes-near-strait-002750296.html
https://finance.yahoo.com/news/brent-crude-jumps-4-us-193926790.html
https://finance.yahoo.com/sectors/energy/articles/oil-advances-strikes-near-strait-002750296.html
https://finance.yahoo.com/news/brent-crude-jumps-4-us-193926790.html
Yahoo Finance
Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening
By Scott DiSavino NEW YORK, May 26 (Reuters) - Brent crude futures climbed about 4% on Tuesday after the U.S. military carried out strikes in Iran, a setback to hopes over the weekend that the United
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Dollar climbs as US strikes on Iran dent ceasefire optimism
https://finance.yahoo.com/markets/currencies/articles/dollar-wobbles-markets-cling-hopes-011952735.html
https://finance.yahoo.com/markets/currencies/articles/dollar-wobbles-markets-cling-hopes-011952735.html
Yahoo Finance
Dollar wobbles as markets cling to hopes for Middle East peace deal
SINGAPORE, May 26 (Reuters) - The dollar nursed losses on Tuesday on rising investor optimism of a deal being struck to reopen the crucial Strait of Hormuz and end the three-month-long Iran war, āalthough fresh U. attacks on Iranian targets weighed on sentiment.
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Dell and HP Stocks Jumped Ahead Of Their Earnings Reports This Week. Here's What to Watch.
https://finance.yahoo.com/markets/stocks/articles/dell-hp-stocks-jumped-ahead-200600977.html
https://finance.yahoo.com/markets/stocks/articles/dell-hp-stocks-jumped-ahead-200600977.html
Yahoo Finance
Dell and HP Stocks Jumped Ahead Of Their Earnings Reports This Week. Here's What to Watch.
A rival's strong results sent both hardware makers higher. Now their own reports will test whether the AI and PC momentum holds.
Aluminum Hits Four-Year High on Fears of China Output Cuts
https://finance.yahoo.com/markets/commodities/articles/aluminum-hits-four-high-fears-095418186.html
https://finance.yahoo.com/markets/commodities/articles/aluminum-hits-four-high-fears-095418186.html
Yahoo Finance
Aluminum Hits Four-Year High on Fears of China Output Cuts
(Bloomberg) -- Aluminum jumped to the highest in more than four years as fears of output cuts in top producer China compounded continuing disruptions in the Middle East.Most Read from BloombergIranās Khamenei Says No Going Back for Middle East Rocked by WarRussiaā¦
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Nvidia has a $200 Billion Warning for AMD and Intel Stock Investors
https://finance.yahoo.com/markets/stocks/articles/nvidia-200-billion-warning-amd-184300555.html
https://finance.yahoo.com/markets/stocks/articles/nvidia-200-billion-warning-amd-184300555.html
Yahoo Finance
Nvidia has a $200 Billion Warning for AMD and Intel Stock Investors
Nvidia is poised to make a big dent in a fast-growing market that's currently dominated by AMD and Intel.
Want to Invest in Anthropic? Here's the Sneaky Stock to Buy.
https://finance.yahoo.com/markets/stocks/articles/want-invest-anthropic-heres-sneaky-184100579.html
https://finance.yahoo.com/markets/stocks/articles/want-invest-anthropic-heres-sneaky-184100579.html
Yahoo Finance
Want to Invest in Anthropic? Here's the Sneaky Stock to Buy.
Investing in Zoom can be a roundabout way to get Anthropic exposure before its IPO.
Exclusive-Pentagon spars with SpaceX over Starlink price hike during Iran war
https://finance.yahoo.com/news/exclusive-pentagon-spars-spacex-over-100228916.html
https://finance.yahoo.com/news/exclusive-pentagon-spars-spacex-over-100228916.html
Yahoo Finance
Exclusive-Pentagon spars with SpaceX over Starlink price hike during Iran war
By David Jeans NEW YORK, May 26 (Reuters) - As U.S. kamikaze drones guided by Elon Muskās Starlink network began to make visible gains in the war against Iran, senior SpaceX officials reached a
Micron joins the $1 trillion club as AI memory rally outruns megacaps: Chart of the Day
https://finance.yahoo.com/markets/article/micron-joins-the-1-trillion-club-as-ai-memory-rally-outruns-megacaps-chart-of-the-day-182340420.html
https://finance.yahoo.com/markets/article/micron-joins-the-1-trillion-club-as-ai-memory-rally-outruns-megacaps-chart-of-the-day-182340420.html
Yahoo Finance
Micron joins the $1 trillion club as AI memory rally outruns megacaps: Chart of the Day
Micron is no longer just leading the chip rally. It is crashing the megacap leaderboard.
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#WeekAhead
$1 Trillion Micron, Marvell Lead the AI Rally to Start the Week. Hereās What Wall Street Is Watching Next
https://finance.yahoo.com/markets/stocks/articles/1-trillion-micron-marvell-lead-181312651.html
$1 Trillion Micron, Marvell Lead the AI Rally to Start the Week. Hereās What Wall Street Is Watching Next
https://finance.yahoo.com/markets/stocks/articles/1-trillion-micron-marvell-lead-181312651.html
Yahoo Finance
$1 Trillion Micron, Marvell Lead the AI Rally to Start the Week. Hereās What Wall Street Is Watching Next
Micron and Marvell led tech and AI stocks higher Tuesday to start the holiday-shortened trading week, with Wall Street analysts suggesting there could be more gains ahead.