Microsoft to release new coding model next week, the Information reports
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Micron and Sandisk aren't the only tech stocks booming — take a look at these 3 cybersecurity plays
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Snowflake Stock Is Soaring After a Blowout Quarter and a New $6 Billion AWS Deal

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#QuarterChart
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#USMarketUpdate
Stocks swing higher amid report of US-Iran breakthrough

Oil pared gains amid fresh signs of optimism toward a deal.

Live updates

https://finance.yahoo.com/economy/live/stock-market-today-sp-500-and-nasdaq-rise-oil-pares-gains-on-report-of-us-iran-breakthrough-231358550.html

#USMarketUpdate
S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire | Reuters

SUMMARY
Indexes up; Dow 0.05%, S&P 0.58%, Nasdaq 0.91%
Eli Lilly advances after CVS brings back Zepbound coverage
Microsoft up on report company will release new coding model next week
U.S. inflation rises at its fastest pace in three years

NEW YORK, May 28 (Reuters) - The S&P 500 ​and the Nasdaq posted record closing highs on Thursday after news reports said the U.S. and Iran had reached a draft agreement to ‌extend their ceasefire for 60 days, while investors also digested key inflation data.
The Dow Jones Industrial Average, which was subdued during the session, eked out small gains in afternoon trade to finish at another closing high.

The agreement still needs U.S. President Donald Trump's approval, sources told Reuters. Iran's Tasnim news agency, meanwhile, said the text of a potential memorandum of understanding with the U.S. has not yet been finalized or confirmed.

Economic data showed U.S. inflation increased at its fastest pace in three years in April, ​driven by higher energy prices amid the Iran war....

Meanwhile, U.S. GDP for the first quarter was revised lower to a 1.6% annualized increase, with momentum expected to slow this quarter...

The S&P 500 healthcare index (.SPXHC), opens new tab posted strong gains. Eli Lilly (LLY.N), opens new tab advanced 4% after CVS Health (CVS.N), opens new tab said it would restore the drugmaker's weight-loss injection, Zepbound, to its coverage and add its newly approved ​obesity pill Foundayo.

Tech shares (.SPLRCT), opens new tab also moved higher. Microsoft (MSFT.O), opens new tab gained 3.5% after news website the Information reported that the company would release a new coding model next ​week.

Marvell Technology (MRVL.O), opens new tab rose 3% after UBS raised its target price to $230 from $195.

The company's shares have more than doubled so far this year.

Snowflake SNOW.N shares soared 36% after the data analytics ‌firm lifted ⁠its annual product revenue forecast and announced a five-year AI infrastructure deal worth $6 billion with Amazon Web Services (AMZN.O), opens new tab.

Peers Datadog (DDOG.O), opens new tab and MongoDB (MDB.O), opens new tab also climbed.

Renewed confidence in AI and earnings growth momentum have underscored the recent rally despite the Middle East tensions, which have increased inflationary expectations.

"Markets continue to look through these risks because the global economy and corporate earnings remain relatively resilient," said Jitania Kandhari, deputy CIO, solutions and multi-assets, at Morgan Stanley Investment Management.

"Geopolitical instability could ultimately accelerate spending in areas tied to ​AI, including cybersecurity, defense technology, energy ​infrastructure and supply-chain resiliency, reinforcing the ⁠long-term investment case."

While the S&P 500 is trading at roughly 21 to 22 times forward earnings versus a trailing 10-year average of 19.7 times, investors are less concerned because earnings expectations are rising faster than stock prices, Kandhari said.

Among other movers, Dollar ​Tree (DLTR.O), opens new tab climbed almost 18% after the discount retailer lifted its full-year profit forecast, while Best Buy (BBY.N), opens new tab also rose 15.8% ​after the electronics vendor ⁠forecast second-quarter sales above estimates.

Drone companies rose after the Wall Street Journal reported that the Trump administration was in talks to fund drone firms. Shares of Unusual Machines (UMAC.A), opens new tab surged almost 11%.


https://www.reuters.com/business/wall-st-futures-dip-escalating-mideast-tensions-2026-05-28/

S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
https://www.straitstimes.com/business/companies-markets/sp-500-and-nasdaq-hit-record-closing-highs-as-us-and-iran-agree-to-extend-ceasefire

While You Were Sleeping: 5 stories you might have missed, May 29, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-may-29-2026

Anthropic tops OpenAI's valuation
https://finance.yahoo.com/markets/article/anthropic-more-valuable-than-openai-in-latest-funding-round-184115376.html

June 2026 Watchlist: 3 Small-Cap SGX Stocks for Retirement Income
https://sg.finance.yahoo.com/news/june-2026-watchlist-3-small-033000057.html

BYD debuts China’s most advanced EV chip in smart-driving push
https://www.businesstimes.com.sg/companies-markets/transport-logistics/byd-debuts-chinas-most-advanced-ev-chip-smart-driving-push

Morning Briefing: Top stories from The Straits Times on May 29, 2026

https://str.sg/we66x

#WeekAhead by Investopedia, Yahoo Finance and Reuters
#Calendar by Investing.com
#Earnings by Earnings Whisper
#USMarketUpdate by Reuters, Investopedia, CNBC and Yahoo Finance
#TradingDay #MarketMind by Reuters
#MarketsWrap by Bloomberg
#SgMarketUpdate by Business Times
#HKMarketUpdate by Reuters and Trading Economics

From oil to coffee beans: Traders in Singapore turning Middle East disruptions into profits
https://www.straitstimes.com/business/from-oil-to-coffee-beans-traders-in-spore-turning-middle-east-disruptions-into-profits

Increased risk of haze in Singapore from June to October due to El Nino, Indian Ocean Dipole
https://www.straitstimes.com/singapore/increased-risk-of-haze-in-singapore-from-june-to-october-due-to-el-nino-indian-ocean-dipole

Rainforest Wild Adventure at Mandai fully open after launch of African-inspired zone

Visitors at Rainforest Wild Adventure can now catch a glimpse of the endangered okapi and other animals found in Africa as the second phase of the adventure-based wildlife park opened on May 29.Called the Rainforest Wild Adventure East, the 7ha zone marks the last major infrastructure development in the decade-long transformation of Mandai Wildlife Reserve, which spans 126ha, or about 176 football fields.The star of the new park is the elusive okapi – also known as the forest giraffe – an endangered species native to Congo in Central Africa that is making its debut in South-east Asia. The rare mammal resembles a cross between a zebra and a giraffe. There are four of them in the park.

https://www.straitstimes.com/singapore/environment/rainforest-wild-asia-adventure-at-mandai-fully-open-after-launch-of-african-inspired-zone

Dramatic look for dual-key apartment in Jalan Rajah
https://www.straitstimes.com/life/dramatic-look-for-dual-key-apartment-in-jalan-rajah

Blue Origin rocket explodes during test, setback for bid to catch Musk’s SpaceX
https://www.straitstimes.com/world/united-states/blue-origin-rocket-explodes-during-test-setback-for-bid-to-catch-spacex

Illegal miners extract billions in Amazon gold despite Brazil crackdown, Greenpeace finds

Billions of dollars worth of gold is still being extracted illegally from Brazil’s Amazon rainforest, a study by nonprofit watchdog Greenpeace found, despite efforts by President Luiz Inacio Lula da Silva to crack down on wildcat mining.Mr Lula pledged upon taking office in 2023 to eliminate illegal gold mining from Indigenous lands and protected areas after years of expansion encouraged by far-right former president Jair Bolsonaro. In 2025, Brazil’s Federal Police seized a record 447kg of illegally mined gold.But as gold prices hit record highs amid intense geopolitical instability, the Greenpeace study found that miners have adapted by using permits from places with no mining activity to falsify the origin of illegally mined gold.

https://www.straitstimes.com/world/illegal-miners-extract-billions-in-amazon-gold-despite-brazil-crackdown-greenpeace-finds

BYD debuts chip for self-driving cars it calls China’s most powerful

BYD, the world’s largest electric vehicle maker, has unveiled a series of technology advances, including what it calls China’s most powerful chip for self-driving cars.The semiconductor breakthrough steps up the rivalry with Chinese tech giant Huawei Technologies and is designed to allow BYD’s computer-assisted driving to stand out from a crowded Chinese electric vehicle (EV) market that includes rivals such as Xpeng and Xiaomi.Facing eight months in a row of falling sales and intense competition for more advanced charging and intelligent driving technologies, BYD is looking to spark more demand for its vehicles.

BYD shares rose as much as 3 per cent in early Hong Kong trading on May 29, before easing back slightly. 

https://www.straitstimes.com/business/companies-markets/byd-debuts-smart-driving-chip-it-calls-chinas-most-powerful

Time Out Singapore | Singapore Events, Attractions & Things To Do
https://www.timeout.com/singapore

SGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears https://bt.sg/9afH