Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Canada and Germany Advance Major LNG Supply Partnership 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Wall Street futures edged higher on Thursday evening after a sharp selloff during the main session, as traders reacted to fading expectations of a Federal Reserve interest rate cut in December and a continued rotation out of major technology stocks. The market also showed little reaction to the U.S. government’s re-opening after its longest shutdown, even though the move clears the way for official economic data to resume.
By 19:35 ET (00:35 GMT), S&P 500 Futures were up 0.2% at 6,773.0, while Nasdaq 100 Futures gained 0.2% to 25,137.50. Dow Jones Futures also rose 0.2% to 47,640.0. Some relief came from reports suggesting the Trump administration was weighing tariff exemptions aimed at reducing food prices.
Earlier in the day, U.S. equities tumbled as traders scaled back bets on a December rate cut. According to CME FedWatch, markets now see only a 45.8% chance of a 25-basis-point cut, down sharply from 67.8% a week earlier. A 54.2% probability is now priced in for rates to remain unchanged, reflecting increased uncertainty over the economic impact of the nearly 43-day government shutdown. President Trump estimated the shutdown cost the government roughly $1.5 trillion.
The shift has left the Federal Reserve with limited visibility heading into its next meeting, especially with officials warning that October employment and inflation data may never be released. This uncertainty weighed heavily on stocks: the S&P 500 fell 1.7% to 6,737.54, the Nasdaq Composite slid 2.3% to 22,980.36, and the Dow dropped 1.7% to 47,456.98.
Technology stocks were hit hardest as concerns mounted over inflated AI-driven valuations. Nvidia sank 3.6%, while CoreWeave plunged 8.3% after fresh scrutiny over its business model and reliance on Nvidia. CoreWeave’s disappointing revenue forecast earlier in the week sparked a broader AI-related selloff, with the stock losing nearly 25% in five days. Other major decliners included Tesla (-6.7%), Broadcom (-4.3%), and Palantir (-6.5%), the latter pressured by news that investor Michael Burry purchased put options targeting a far lower share price by 2027.
Growing skepticism around AI spending, shrinking margins in tech earnings, and fears of an overheated valuation cycle continue to drive volatility across the sector, fueling one of the steepest tech pullbacks in recent months.
