FXEmpire
28 May 2026, 16:51 UTC · 2h ago
Source · https://www.fxempire.com/forecasts/article/nasdaq-index-record-highs-follow-cooler-pce-and-iran-ceasefire-talk-1600805
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U.S. and Iranian negotiators reportedly agreed to a 60-day ceasefire framework, though the White House has contested the finality of the deal. — A ceasefire reduces geopolitical risk and eases crude oil prices, which removes a primary inflationary pressure on equities.
+0.60The April Personal Consumption Expenditures (PCE) index monthly growth was 0.4%, coming in below the expected 0.5%. — Cooler-than-expected inflation data supports a bullish sentiment for tech stocks and suggests a peak in inflationary pressures.
+0.40Snowflake shares surged 35% following strong guidance, triggering a broad rally in software stocks. — Strong guidance from a key cloud software player acts as a positive catalyst for the broader software sector and Nasdaq growth names.
+0.30Ticker attribution
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The stock surged 35% following strong guidance.
Mentioned as falling in the context of Nasdaq 100 movement.
Mentioned as slipping in the context of Nasdaq 100 movement.
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