DOW JONES–The upward trend on Wall Street continued into the middle of the week. The day before, the S&P 500 and the Nasdaq Composite had closed at new all-time highs. Shortly after the starting bell, the Dow Jones index gained 0.3 percent to 50,629 points. The all-time high here is 50,830 points. The S&P 500 and the Nasdaq Composite each climbed 0.1 percent.
Analysts at Goldman Sachs have increased their forecast for the S&P 500 at the end of the year from 7,600 to 8,000 points – based on strong corporate profits. From the closing price on Tuesday, this corresponds to a potential of a good 6 percent. The S&P 500 has risen by almost 10 percent since the beginning of the year.
While the situation in the Middle East conflict is more likely to encourage cautious action, the AI euphoria lives on. Market participants point to predominantly strong and encouraging company figures during the reporting season as a driver.
Oil prices are helping to ease concerns about inflation somewhat. Despite the ceasefire between the US and Iran appearing even more fragile following recent US airstrikes near the Strait of Hormuz, oil prices are falling significantly again, picking up Monday’s downward trend. Brent oil fell in price by 4.0 percent. Now at $95.65, the price appears to be gradually moving further down from the $100 mark. Accordingly, US market interest rates continue to fall. The ten-year yield falls 1 basis point to 4.48 percent and is around 20 basis points below the recent multi-year high.
Many eyes are already focused on Thursday, especially on the bond market. The US Federal Reserve’s preferred measure of inflation is then reported using the price index of personal consumption expenditures (PCE deflator). It could provide clues about the further course of monetary policy under the new Fed chief Kevin Warsh. There is currently virtually no interest rate futures market activity this year Interest rate cut calculated. The probability of higher key interest rates at the end of the year is considered to be around 45 percent, with a possible Interest rate increase is more likely to be seen at the end of the year. Little is happening with the dollar; it is recovering somewhat as market interest rates fall, and the euro rises to $1.1644.
The focus is on Micron, among others. The day before, the memory chip manufacturer’s shares had risen by 19 percent due to the AI hype, causing the company’s valuation to break the $1 trillion barrier. This is now up by a further 5.2 percent. The prices of competitors such as Seagate, Sandisk and Western Digital are rising by up to 4.7 percent.
Marvell Technology rose 1.1 percent. The AI hardware provider will announce business figures later in the day. The stock has already more than doubled this year thanks to the AI boom.
The fact that the cybersecurity company Zscaler gave a cautious outlook for the financial year because rising memory prices and changes in the sales team caused uncertainty was met with a share price slide of 25.1 percent.
The Chinese owner of the bargain app Temu, PDD, has reported a profit below expectations in the first quarter of 2026. The price of the US depositary receipt (ADR) fell by 10.3 percent.
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INDEX last +/- % +/- abs. End of the previous day
DJIA 50,628.61 +0.3 +166.93 50,461.68
S&P 500 7,524.27 +0.1 +5.15 7,519.12
NASDAQ Comp 26,676.75 +0.1 +20.57 26,656.18
NASDAQ 100 30,060.17 +0.2 +58.85 30,001.32
US Treasury yield +/- daily high daily low
2 years 4.04 -0.01 4.05 4.01
5 years 4.17 -0.01 4.18 4.14
10 years 4.48 -0.01 4.49 4.45
FOREIGN EXCHANGE last +/- % +/- abs. Last day Tuesday, 5:01 p.m
EUR/USD 1.1644 +0.1 0.0016 1.1628 1.1623
EUR/JPY 185.63 +0.2 0.3500 185.28 185.2100
EUR/CHF 0.9142 +0.1 0.0007 0.9135 0.9129
EUR/GBP 0.8658 +0.1 0.0010 0.8648 0.8641
USD/JPY 159.41 +0.1 0.1200 159.29 159.3300
GBP/USD 1.3447 +0.0 0.0002 1.3445 1.3450
USD/CNY 6.7788 -0.1 -0.0072 6.7860 6.7852
USD/CNH 6.7787 -0.1 -0.0058 6.7845 6.7850
AUS/USD 0.7135 -0.5 -0.0032 0.7167 0.7166
Bitcoin/USD 75,102.88 -1.2 -915.93 76,018.81 76,901.40
CRUDE OIL last +/- % +/- abs. End of the previous day
WTI/Nymex 89.57 -4.6 -4.32 93.89
Brent/ICE 95.65 -4.0 -3.93 99.58
Metals last +/- % +/- abs. End of the previous day
Gold 4,422.09 -1.9 -83.92 4,506.01
Silver 74.51 -3.2 -2.44 76.95
Platinum 1,915.80 -2.2 -42.79 1,958.59
(Information provided without guarantee)
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DJG/DJN/ros/brb
(END) Dow Jones Newswires
May 27, 2026 09:43 ET (13:43 GMT)
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