The S&P 500 and Nasdaq reached fresh record highs after the US and Iran extended their ceasefire agreement, improving global risk sentiment and easing energy market tensions. However, hotter-than-expected US core PCE inflation at 3.3% y/y reinforced expectations for prolonged restrictive Federal Reserve policy. Meanwhile, the AI infrastructure boom continued to dominate markets as major technology firms delivered strong earnings and funding milestones.
29-05-2026 04:03 GMT
by Kelvin Wong