Market Highlights

Wall Street traders left stocks wavering amid mixed signals about prospects for a deal to end the war in Iran and revive energy flowsthrough the vital Strait of Hormuz. While equities remained at record highs, the S&P 500 closed little changed. US oil settled below $89. In late hours, Salesforce Inc. gave a tepid outlook. Snowflake Inc. raised its sales forecast and signed a $6 billion multiyear agreement to use Amazon.com Inc.’s cloud services and chips. Stocks fell while oil and bond yields climbed after fresh attacks in the Middle East fueled doubts over whether an end to the war is imminent.

Wall Street kicked off the holiday-shortened week with stocks joining bonds higher as hopes for a peace deal between the US and Iran overshadowed military strikes in the Persian Gulf. Expectations of an agreement drove the S&P 500 to a record, with chipmakers leading the charge. Micron Technology Inc. topped $1 trillion in value. Treasury yields fell as concerns over a flare-up in inflation eased, making traders pare back their wagers on near-term Federal Reserve rate hikes. Brent rose to around $100 after sinking more than 7% on Monday. Global equities extended their record rally as momentum in technology shares accelerated and geopolitical tensions eased. Oil slipped.

Global stocks rose to record highs as crude oil fell after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened. Futures contracts on the S&P 500 climbed 1%, while those on the Nasdaq 100 were up 1.4%. US cash markets are shut Monday for the Memorial Day holiday. The dollar retreated against all of its Group-of-10 peers. US equity futures extended gains and Treasuries rallied as investors remained hopeful of an imminent deal to end the Middle East conflict, despite US strikes on Iran that sent oil prices higher.

Hopes for a diplomatic way out of the war in Iran lifted stocks as oil dropped on speculation that a deal would pave the way for a revival of energy flowsthrough the key Strait of Hormuz. In a volatile session, the S&P 500 extended this week’s advance. The Dow Jones Industrial Average closed at all-time highs. US crude settled around $96. Iran said the latest Washington proposal partly bridged the gap between the sides, even as a news report that the country plans to keep its uranium stockpile clouded the outlook for a breakthrough in peace negotiations. Asian stocks rose for a second day to head for a weekly advance as investors rotated into a broader set of companies tied to the artificial intelligence buildout.

A slide in oil prices lifted stocks and bonds amid hopes for a deal to end a war that has rattled financial markets and fueled inflation worries. In late hours, Nvidia Corp. whipsawed after its results. US crude fell to around $98 a barrel on a report that President Donald Trump said Washington is in the “final stages” with Tehran. The S&P 500 rose 1.1%. Yields on long-dated Treasuries slid from the highest since 2007. Nvidia delivered a sales forecast that drew a tepid reaction from investors, even as revenue from data center operators continued to surge. Global stocks rose for a second day as investors flocked back to the artificial intelligence trade and a clutch of upcoming IPOs kept enthusiasm for the technology sector elevated.

The latest bout of weakness in bonds lifted yields to multi-year highs, reducing the appetite for stocks on speculation that a torrid market surge has gone too far amid war-fueled inflation risks. With oil holding above $100 and no signs of an end to the Iran conflict, Treasury 30-year yields hit levels last seen in 2007 on concern that elevated energy costs are increasing the chances that the next Federal Reserve move will be a hike, not a cut. Equities extended their drop from a record, with the S&P 500 posting its longest losing streak since the end of March. Global equities headed for their longest losing streak in more than two months as mounting inflation concerns drove bond yields higher.

Wall Street saw a volatile session, with stocks and oil whipsawing as traders parsed mixed signals about prospects for a US - Iran deal to end the war and revive energy flows through the key Strait of Hormuz . The S&P 500 almost erased its drop after President Donald Trump said he called off plans to attack Iran on Tuesday because “serious negotiations are now taking place” on reaching an agreement . A rally in oil eased after the settlement . While bond moves were subdued compared with the rout that swept markets Friday , global yields hovered near multi - year highs as still elevated energy prices stoked inflation worries .

A selloff in global bonds halted a rally in stocks, with concern intensifying that central banks will be forced to tighten policy to keep inflation in check amid persistently elevated oil prices. In the worst session for equities since March, the S&P 500 fell 1.2%. A gauge of chipmakers — which had led a surge from war-driven lows — sank 4%. US 10-year yields topped 4.5% while those on Japan’s 30-year debt hit 4% for the firsttime. In the UK, a political crisis lifted long- bond rates to a 28-year high. The dollar extended this week’s gain. US crude settled above $105. A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy

A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. US crude settled around $98, with the near-halt of traffic through the waterway reigniting worries about further energy disruptions. The Treasury market, which has priced out the odds of Federal Reserve rate cuts this year amid the Middle East conflict, saw an increase in yields. A rally in chipmakers drove the S&P 500 to another closing high, but most of the gauge’s shares fell. Oil rose after President Donald Trump cast doubt on the Iran ceasefire, fueling concern that the closure of the Strait of Hormuz will be prolonged. Asian stocks retreated after calls in South Korea for a dividend using taxes on AI profits.

Investors riding a scorching run of market momentum are likely to face a reality check when trading resumes in Asia after President Donald Trump rejected the latest peace offering. Trump labeled Iran’s latest response to his proposal to end the 10-week conflict with the US is “TOTALLY UNACCEPTABLE.” Iran offered to transfer some of its stockpile of highly enriched uranium to a third country in its response to the latest US proposal to end 10 weeks of war, but rejected the idea of dismantling its nuclear facilities, the Wall Street Journal reported. Iran disputed the report, according to Iran’s semi-official news agency Tasnim Oil prices jumped and Treasuries fell after US President Donald Trump and Iran rejected each other’s latest proposals to end the war in the Middle East. Asian stocks climbed as traders doubled down on the AI trade.