US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
Canada and Germany Advance Major LNG Supply Partnership 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
U.S. stock futures soared Monday after the White House and Chinese officials reached a trade agreement, easing tensions between the world's two largest economies and fueling optimism across key sectors.
Apple (NASDAQ:AAPL) jumped 6.5% following the deal and a report from The Wall Street Journal indicating the tech giant may raise iPhone prices without directly attributing it to tariffs. Amazon (NASDAQ:AMZN) surged 7.6%, driven by its reliance on Chinese supply chains and the improved trade outlook.
Chinese stocks also gained significantly. Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), and Baidu (NASDAQ:BIDU) all traded sharply higher, reflecting investor confidence in renewed U.S.-China cooperation.
Energy stocks rose alongside oil prices. Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) climbed about 2%, boosted by expectations of increased demand from the world’s top two oil consumers.
On the downside, pharmaceutical stocks slipped after President Donald Trump announced plans to slash prescription drug prices by 59%, though details remain unclear. Pfizer (NYSE:PFE), Eli Lilly (NYSE:LLY), and Johnson & Johnson (NYSE:JNJ) all declined over 2%. Additionally, Novo Nordisk (NYSE:NVO) fell 3% after Eli Lilly’s Zepbound outperformed Wegovy in a weight-loss drug trial.
Alphabet (NASDAQ:GOOGL) gained 2.8% following a DA Davidson analyst note suggesting that breaking up the Google parent company could unlock significant shareholder value.
Polestar (NASDAQ:PSNY) rose 3.7% after the EV maker posted a narrowed quarterly loss, signaling progress in cost-cutting and premium model sales. Monday.Com (NASDAQ:MNDY) rallied 5.9% after surpassing first-quarter earnings estimates and offering upbeat full-year guidance.
Overall, the market welcomed the trade truce, with tech, energy, and select growth stocks leading the rally.
