S&P and Nasdaq Reach New Highs

2026-05-26 15:23 By Joana Taborda 1 min. read

The S&P 500 gained 0.7% on Tuesday and the Nasdaq climbed more than 1% to fresh record highs while the Dow Jones reversed earlier gains and was down about 80 points as investors returned from the long weekend with continued focus on developments in the Middle East.

Markets remained cautiously optimistic that the US and Iran could still reach an agreement, with traders viewing the two sides as closer than ever to a deal despite mixed signals and further US strikes.

Technology, industrials, and materials led the market higher, while energy stocks posted the steepest declines.

Among individual movers, Micron Technology surged more than 16%, pushing its market capitalization above $1 trillion for the first time after UBS raised its price target and said the stock could more than double.

Alphabet rose 1%, Broadcom advanced 3%, and Tesla gained 1.8%.

On the downside, Nvidia slipped 0.5%, while Microsoft and Amazon fell 0.8% and 0.7%, respectively.

Exxon Mobil also declined 1.9%.



News Stream
S&P and Nasdaq Reach New Highs
The S&P 500 gained 0.7% on Tuesday and the Nasdaq climbed more than 1% to fresh record highs while the Dow Jones reversed earlier gains and was down about 80 points as investors returned from the long weekend with continued focus on developments in the Middle East. Markets remained cautiously optimistic that the US and Iran could still reach an agreement, with traders viewing the two sides as closer than ever to a deal despite mixed signals and further US strikes. Technology, industrials, and materials led the market higher, while energy stocks posted the steepest declines. Among individual movers, Micron Technology surged more than 16%, pushing its market capitalization above $1 trillion for the first time after UBS raised its price target and said the stock could more than double. Alphabet rose 1%, Broadcom advanced 3%, and Tesla gained 1.8%. On the downside, Nvidia slipped 0.5%, while Microsoft and Amazon fell 0.8% and 0.7%, respectively. Exxon Mobil also declined 1.9%.
2026-05-26
The Dow Jones Index Opens 0.32% Higher
The Dow Jones Index is gaining 164 points or 0.32 percent on Tuesday. Leading the gains are Goldman Sachs (1.84%), Honeywell International (1.76%) and Caterpillar (1.36%). Top losers are IBM (-2.73%), UnitedHealth (-1.68%) and Cisco Systems (-1.43%).
2026-05-26
US Stocks Rise to Records
US equities rose to their records on the first trading day of the week, supported by signals of a potential agreement between the US and Iran over the weekend. The S&P 500 and the Dow gained 0.6% and 0.4%, respectively, while the tech-heavy Nasdaq jumped almost 1%. US President Trump and Secretary of State Rubio stated they are close to agreeing with concessions on a deal that would restore energy trade through the Strait of Hormuz, lowering oil prices and limiting the impact of surging inflation. Stocks held their gains despite fresh strikes between US and Iranian forces, denting certainty for the deal. AI hyperscalers and compute infrastructure companies were mostly higher after leading the main stock indices this year. Tesla, Nvidia, and Amazon were around 1% higher. Also, Micron soared over 8% after receiving a recommendation upgrade and higher target from UBS. On the other hand, Melrose sank 8% after authorities ordered precautionary evacuations in its GKN facility.
2026-05-26