FXEmpire
29 May 2026, 11:52 UTC · 7h ago
Source · https://www.fxempire.com/forecasts/article/nasdaq-100-tech-stocks-drive-us-stocks-higher-as-oil-retreats-today-1600984
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WTI crude oil prices fell over 2% to below $87 a barrel, easing immediate inflation pressures. — Lower energy costs reduce inflationary pressure, which generally supports equity valuations and risk appetite.
+0.60The Nasdaq 100 surged over 8% in May, driven by strong momentum in tech stocks and AI-driven demand. — Strong leadership in the tech sector and AI demand indicates robust growth expectations for the largest market-cap stocks.
+0.50Dell shares jumped 38% following an increase in company guidance. — A significant jump in a major hardware provider reinforces the broader bullish thesis on AI infrastructure spending.
+0.40The US is considering extending a 60-day ceasefire framework with Iran, though an agreement is not yet signed. — The prospect of diplomacy over escalation reduces geopolitical risk premiums, although uncertainty remains.
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Shares jumped 38% after raising guidance and benefiting from AI-driven demand.
Mentioned as slipping in a previous session summary.
Mentioned as falling in a previous session summary.
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