ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
U.S. stock index futures dropped Tuesday evening, led by steep losses in the tech sector after Nvidia warned of a major earnings impact from new U.S. export restrictions to China. S&P 500 Futures fell 0.8% to 5,384.00, Nasdaq 100 Futures declined 1.3% to 18,718.75, and Dow Jones Futures dropped 0.4% to 40,414.00.
Nvidia (NASDAQ:NVDA) tumbled 6% in after-hours trading after revealing it would take a $5.5 billion charge due to tighter U.S. government curbs. The company now needs a license to export its popular H20 AI chips to China, triggering a broad sell-off in semiconductor and AI stocks. AMD (NASDAQ:AMD) plunged nearly 7%, while Intel (NASDAQ:INTC) and Broadcom (NASDAQ:AVGO) lost 1.9% and 3.4%, respectively. TSMC (NYSE:TSM), a key Nvidia supplier, dropped 2%.
The broader tech sector also took a hit, with Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) shedding over 1% each. Investors remain cautious over potential supply chain disruptions from escalating U.S.-China trade tensions, which are seen as a threat to global tech firms.
Wall Street ended Tuesday slightly lower as uncertainty surrounding former President Donald Trump's tariff plans, especially on electronics and pharmaceuticals, kept markets jittery. The S&P 500 closed down 0.2% at 5,396.60, the Nasdaq dipped to 16,823.17, and the Dow fell 0.4% to 40,368.96.
Investors are now eyeing upcoming earnings from ASML (AS:ASML), Abbott Laboratories (NYSE:ABT), and Progressive Corp (NYSE:PGR), as well as key U.S. economic data, including retail sales and industrial production. Federal Reserve Chair Jerome Powell is also scheduled to speak, potentially offering further clues on monetary policy.
