Daily news for May 26, 2026
Stock index futures are climbing at the beginning of a hectic week filled with earnings announcements, as investors keep an eye on developments in negotiations with Iran; Trump mentioned during the weekend that the discussions are progressing, but U.S. military strikes in southern Iran for "self-defense" purposes have increased tensions; several retail and technology firms will release their financial results this week; shares of semiconductor companies are increasing in early trading as the AI market continues to gain strength; and Ferrari stock is declining following the company's introduction of its first fully electric sports car. Here's what you need to be aware of today.
Stocks Increase, Oil Decreases as Traders Keep an Eye on Iran Discussions
Stock futures are gaining ground aheadof the initial ring of theholiday-shortened trading week, as investors wait for updates on developments in peace negotiations with Iran. Dow Jones Industrial Average futures increased by 0.5% recently, while futures linked to the S&P 500 and the technology-focused Nasdaq climbed 0.7% and 1.1%, respectively. The stock marketended last weekOn a positive note, the Dow finished at a record high, and the S&P 500 secured its eighth consecutive week of gains. WTI crude oil futures, the U.S. standard, fell over 4% to approximately $92.50 per barrel, reaching their lowest levels in more than a month, after weekend reports suggested an agreement with Iran might be near (more details below). The yield on the 10-year Treasury note stood at 4.49%, a decrease from 4.56% at Friday's closing and significantly lower than the 16-month peak of 4.67% it reached last week. Bitcoin was trading at $77,000, rising from a weekend low of roughly $74,200, while gold futures declined slightly to $4,510 per ounce.
Trump States That the Iran Deal Might Be Near Despite U.S. Attacks
President Trump mentioned during the weekend that the United States and Iran are "moving forward well" regarding a deal to conclude the conflict that began almost three months ago. A potential agreement might involve a 60-day negotiation phase, which would enable the Strait of Hormuz to reopen, while final decisions are taken on Iran's nuclear program and sanctions relief is provided to allow Iran to export its oil, according toThe Associated Press.Hostilities between the nations continue to be intense this morning following U.S. actions described as "self-defense" attacks in southern Iran, an area where Iran has previously warned of potential retaliation. Additionally, Trump mentioned on social media that new countries in the Middle East might join the Abraham Accords, a 2020 agreement that established diplomatic ties between Israel and several regional nations.
Upcoming Retail and Technology Earnings This Week
There's a a full range of earnings reportsthis week, with outcomes expected from the retail and technology industries. Among the retailers, Best Buy (BBY) is set to announce its results on Wednesday, while Costco Wholesale (COST), Dollar Tree (DLTR), Burlington Stores (BURL) and Gap (GAP) are planned to report the next day. Walmart (WMT) and Target (TGT) yielded mixed outcomes last week. In the technology sector, a software giant and Dow componentSalesforce (CRM, which has experienced a decline in its stock this year due to worries about potential AI impact on its operations, is scheduled to announce results on Wednesday.Marvell Technology (MRVL) and Synopsys (SNPS) are also scheduled to release earnings on Wednesday, whileDell Technologies (DELL) is set to announce its findings on Thursday.
Chip Stocks Continue Gains Before Market Open
Chip shares are increasing in early trading as the industry aims to continue a surge that has driven key indices higher.record highs lately. The iShares Semiconductor ETF rose 3% before the market opened, as Marvell Technology (MRVL) and Micron (MU) each increased by more than 7%, while Advanced Micro Devices (AMD), Intel (INTC) and Nvidia (NVDA) also made progress. Shares of Nvidia, the semiconductor company central to the AI surge, declined over the last two sessions.Despite a robust financial report.
Ferrari Shares Drop Following Announcement of Electric Sports Vehicle
Shares of Ferrari (RACE) are declining this morning following the automaker's announcement of its first all-electric sports car over the weekend. The company stated that the Ferrari Luce was developed in partnership with LoveFrom, the "design collective" founded by a former Apple executive.AAPL) designer Jony Ive, who was instrumental in the development of multiple Apple products. The vehicle is expected to begin at approximately 550,000 euros, or roughly $640,000. The latest Ferrari model will serve as a significant indicator of electric vehicle demand among affluent individuals globally. The electric vehicle sector has faced challenges in the U.S. after the Trump administration removed federal tax incentives. Ferrari stock declined by almost 3% in recent days.
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