DOW JONES–A narrow opening is expected on Wall Street on Thursday. The future on the S&P 500 loses 0.3 percent. New military strikes by the USA against Iran are causing some stress. This dampens hopes of an early peace agreement between the two countries. US President Donald Trump had also said the day before that Iran was miscalculating if it thought it would soften its position in order to avoid a prolonged standoff with Tehran. The clearest reaction is once again shown by the price of oil, which is rising again. A barrel of Brent rose by 2.8 percent to $96.89. This means that the volatile trend continues. The day before, oil prices had fallen sharply.
However, the upcoming US economic data is likely to provide the decisive impetus. In particular, the pre-market price index for personal consumption expenditures (PCE deflator), the US Federal Reserve’s preferred measure of inflation, is likely to cause movement. The data could provide indications for the further course of monetary policy under the new US Federal Reserve Chairman Kevin Warsh.
Also on the agenda are the weekly initial claims, incoming orders for durable goods for April, the second publication of US GDP for the first quarter and new home sales for April.
The dollar is gaining. The dollar index increased by 0.2 percent. Against the backdrop of renewed tensions in the Iran war, the greenback is benefiting from its status as a “safe haven,” it is said. Yields on the bond market are also increasing as oil prices rise and fears of inflation increase again. The yield on ten-year securities rose by 2 basis points to 4.50 percent. However, inflation data is likely to provide the decisive impetus here too, it is said.
The price of gold has now fallen for the fourth trading day in a row. The price of the precious metal fell by 1.7 percent to $4,383. Ongoing concerns about the impact of the Iran war on inflation are weighing on sentiment, they say.
In terms of individual stocks, Marvell Technology fell by 0.6 percent before the trading session. The chip manufacturer met analysts’ profit target for the first quarter with sales slightly above expectations. In addition, the forecast for the current quarter was above market estimates. The reason for the minus is likely to be profit-taking. The stock has already more than doubled this year thanks to the AI boom.
Snowflake shoots up 37.5 percent. The cloud storage company plans to pay a total of $6 billion over the next five years for access to Amazon’s Graviton chips in AWS data centers. With the announced deal, Snowflake becomes one of AWS’ largest customers for CPU-based computing. Amazon shares lost 0.4 percent.
HP’s shares are down 1.6 percent. The printer and computer maker cut its full-year outlook despite an increase in profit and sales in the second fiscal quarter. The company had already pointed out the shortage of memory chips used in HP’s computers in February.
Salesforce increased by 0.8 percent. The business software provider posted higher profits and sales in the first quarter. However, the sales forecast for the full year was slightly below the analysts’ estimates. In contrast, shares of Dell Technologies are up 4.1 percent after the technology company received a contract worth $9.69 billion from the Pentagon.
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US Treasury yield +/- daily high daily low
2 years 4.06 +0.03 4.08 4.05
5 years 4.20 +0.02 4.24 4.20
10 years 4.50 +0.02 4.53 4.49
FOREIGN EXCHANGE last +/- % +/- abs. End of previous day Wed, 5:01 p.m
EUR/USD 1.1608 -0.1 -0.0016 1.1624 1.1626
EUR/JPY 185.11 -0.2 -0.3100 185.42 185.4600
EUR/CHF 0.9161 +0.1 0.0011 0.9150 0.9144
EUR/GBP 0.8663 +0.1 0.0007 0.8656 0.8663
USD/JPY 159.45 -0.0 -0.0600 159.51 159.5000
GBP/USD 1.3396 -0.2 -0.0031 1.3427 1.3417
USD/CNY 6.7796 +0.0 0.0008 6.7788 6.7782
USD/CNH 6.7808 +0.0 0.0024 6.7784 6.7777
AUS/USD 0.7116 -0.3 -0.0021 0.7137 0.7128
Bitcoin/USD 73,229.74 -2.6 -1,936.60 75,166.34 74,926.32
CRUDE OIL last +/- % +/- abs. End of the previous day
WTI/Nymex 91.37 +3.0 2.69 88.68
Brent/ICE 96.89 +2.8 2.60 94.29
Metals last +/- % +/- abs. End of the previous day
Gold 4,383.12 -1.7 -73.91 4,457.03
Silver 73.04 -2.1 -1.57 74.61
Platinum 1,881.47 -1.9 -36.78 1,918.25
(Information provided without guarantee)
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(END) Dow Jones Newswires
May 28, 2026 07:47 ET (11:47 GMT)
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