US Stocks Extend Records

2026-05-29 13:34 By Andre Joaquim 1 min. read

US equities rose to record highs on Friday as markets gauged the sustainability of the AI rally and assessed the outlook of oil supply from the Middle East and its impact on inflation.

The three main averages were around 0.5% higher at new records, with the Nasdaq 100 set to gain 8% this month.

The S&P and the Dow were due to gain 5% and 2%, respectively.

Reports indicated yesterday that the US and Iran have agreed to a 60-day memorandum that would extend the ongoing ceasefire and start the progress of restoring vessel flows through the Strait of Hormuz, although President Trump has not yet signed-off on the deal.

Energy prices and bond yields retreated to deliver broad, although muted, support to the stock market.

The financial and consumer defensive sectors were cautiously higher.

Microsoft gained 3% and Oracle rose over 6%, with AI software supported by a new investment round in Anthropic.

Also, Dell surged over 30% as its AI server business boosted its latest guidance.



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2026-05-29
US Stocks Extend Records
US equities rose to record highs on Friday as markets gauged the sustainability of the AI rally and assessed the outlook of oil supply from the Middle East and its impact on inflation. The three main averages were around 0.5% higher at new records, with the Nasdaq 100 set to gain 8% this month. The S&P and the Dow were due to gain 5% and 2%, respectively. Reports indicated yesterday that the US and Iran have agreed to a 60-day memorandum that would extend the ongoing ceasefire and start the progress of restoring vessel flows through the Strait of Hormuz, although President Trump has not yet signed-off on the deal. Energy prices and bond yields retreated to deliver broad, although muted, support to the stock market. The financial and consumer defensive sectors were cautiously higher. Microsoft gained 3% and Oracle rose over 6%, with AI software supported by a new investment round in Anthropic. Also, Dell surged over 30% as its AI server business boosted its latest guidance.
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US Futures Hold Near Record Highs
Futures tracking US equities were muted on Friday as markets gauged the sustainability of the AI rally and assessed the outlook of oil supply from the Middle East and its impact on inflation. Contracts for the S&P 500, Dow, inched higher to new records, while the Nasdaq 100 hovered below the flatline. Reports indicated yesterday that the US and Iran have agreed to a 60-day memorandum that would extend the ongoing ceasefire and start the progress of restoring vessel flows through the Strait of Hormuz, although President Trump has not yet signed-off on the deal. Energy prices and bond yields retreated to deliver broad, although muted, support to the stock market. The financial and consumer defensive sectors were cautiously higher. Microsoft was 1% higher premarket and Oracle gained over 3%, with AI software supported by a new investment round in Anthropic. Also, Dell surged over 30% as its AI server business boosted its latest guidance. On the other hand, Meta slipped.
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