Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
U.S. stock futures edged higher Thursday night after a sharp decline on Wall Street, driven by Nvidia’s steep losses despite strong earnings. Investors remain cautious ahead of the upcoming PCE inflation report.
S&P 500 Futures rose 0.2% to 5,888.75, Nasdaq 100 Futures climbed 0.4% to 20,678.25, and Dow Jones Futures inched up 0.1% to 43,331.0. Nvidia (NASDAQ: NVDA) plunged 8.5% to $120.15, despite beating earnings estimates, as concerns over narrowing margins and AI chip market challenges weighed on sentiment. Increased production costs tied to the Blackwell chip rollout fueled investor worries.
Tech stocks followed Nvidia’s downturn, dragging the Nasdaq Composite 2.8% lower to 18,544.52. The S&P 500 lost 1.6% to 5,861.70, while the Dow dipped 0.4%. Broadcom (NASDAQ: AVGO) slid 7.1%, and AMD (NASDAQ: AMD) fell 5%. Salesforce (NYSE: CRM) dropped over 4% after issuing a weak revenue forecast.
Economic data signaled a slowdown, with initial jobless claims rising amid layoffs and winter weather disruptions. The U.S. GDP grew at a slower 2.3% annual rate in Q4, down from 3.1% in Q3. Weak services PMI and consumer sentiment data strengthened expectations for 2025 rate cuts, though the Fed is likely to hold rates steady for now.
Investors now await the Fed’s preferred inflation gauge, the PCE price index, set for release Friday. Analysts forecast a 0.3% monthly increase and a 2.5% year-over-year rise, indicating a slowdown in inflation. However, persistent high costs in housing and healthcare continue to pressure consumers.
