Latest Business News
US stocks extend record run as AI demand lifts tech
US equities opened higher, with the S&P 500, Dow, and Nasdaq all gaining as investors focused on strong earnings and optimism around artificial intelligence. The S&P 500 was on track for a ninth straight weekly advance, while major indexes moved closer to fresh records.
Dell jumps 33% after raising outlook on AI computing demand
Dell Technologies surged after posting profits above expectations and lifting guidance, with management citing strong demand for AI computing hardware. The move helped lead technology stocks higher and reinforced the market’s broader AI-driven rally.
Oil prices ease as US-Iran ceasefire talks calm markets
Investor sentiment improved after reports that the United States and Iran are working toward extending the current ceasefire arrangement. Brent crude fell 1.8% and US benchmark crude dropped 1.5%, reducing some immediate inflation pressure.
Strait of Hormuz disruption keeps energy traders on edge
Despite the latest pullback, oil prices remained elevated because the conflict has disrupted shipments through the Strait of Hormuz, a route carrying about one-fifth of global oil and natural gas trade. The higher cost of fuel and transportation continues to weigh on consumers and businesses.
Inflation concerns remain elevated after April price acceleration
Recent US data showed a key inflation measure tracked by the Federal Reserve accelerated in April to its highest level in three years. That has kept investors cautious even as lower oil prices briefly eased pressure.
Consumer confidence weakens under pressure from higher prices
Household sentiment has softened as rising prices and budget strain weigh on consumers. The weaker confidence backdrop adds to concern about how inflation and energy costs could affect broader economic activity.
Treasury yields hold steady as markets reassess inflation risks
The benchmark 10-year US Treasury yield was little changed at 4.45% as falling oil prices balanced ongoing inflation concerns. Bond investors appeared to be waiting for clearer signals on the path of prices and growth.
European and Asian markets mostly higher on improved risk appetite
Markets in Europe and Asia traded mostly higher alongside the US rally, reflecting broader optimism across global equities. The move suggested investors were responding positively to strong earnings and easing geopolitical tension.
Goldman Sachs says 2026 M&A activity is nearing record levels
Goldman Sachs said it is on track for near-record mergers and acquisitions volumes in 2026, with backlogs described as strong and activity remaining robust. The bank’s comments point to continued dealmaking momentum across the financial sector.
Wall Street’s AI theme continues to dominate sector leadership
The latest market move showed that companies tied to AI infrastructure and computing remain major beneficiaries of investor enthusiasm. Dell’s surge underscored how earnings tied to AI demand are increasingly shaping broad market performance.