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Spot oil prices are down to multi-week lows while key retailers demonstrate strength compared to expectations.
Stocks began Wednesday's session within reach of fresh records amid some optimism for a deal between the U.S. and Iran. The S&P 500 and Nasdaq were flat. With any close higher, the S&P 500 and Nasdaq would set fresh records.
Bitcoin dropped roughly 2% on Wednesday to hover near $75,500 per token.
May 27 (Reuters) - Wall Street's main indexes opened higher on Wednesday aided by sustained AI-driven momentum, while investors were cautiously optimistic that the U.S. and Iran would reach a deal.
Stock Market Today: The Dow Jones index rose Wednesday as oil prices continued to tumble. Micron stock surged in premarket trading.
By Tom Wilson LONDON, May 27 (Reuters) - Global shares advanced and oil prices eased on Wednesday as markets looked for signs of whether a shaky truce between the United States and Iran will be
S&P 500 and Nasdaq futures pointed higher Wednesday as a chip rally extended and oil prices fell on Iran truce hopes
Wall Street’s technology stocks looked set to lead markets higher again on Wednesday as investors piled further into the artificial intelligence trade and global equity benchmarks hit fresh record highs. Futures for the Nasdaq 100 were up 0.6% ahead of the opening bell, while contracts for...
Inflation expectations have driven bond yields higher, which could cause the stock market to fall sharply.
Micron Technology and ON Semiconductor were the top gainers in the S&P 500, rising 19% and 9.3% respectively. Bonds rose and oil prices were mixed as the outcome of Iran negotiations remains unclear. The 10-year Treasury yield declined 0.080 percentage point to 4.490%.
S&P 500 futures added 0.1% and contracts tied to the tech-heavy Nasdaq 100 also climbed 0.1%. Both the S&P 500 and the Nasdaq hit records the previous session, powered higher by memory-chip maker Micron Technology and flash-memory product supplier Sandisk. The Dow closed in the red, spoiling the blue-chip index’s 130th birthday.
Markets have been closely tracking developments in the Middle East, with the U.S.-Iran war now in its 13th week.

<body><p>STORY: It was a mostly upbeat Tuesday on Wall Street, despite a slight move downward for the Dow. The S&P 500 climbed about six-tenths of a percent and the tech-heavy Nasdaq added roughly 1.2%, with both indexes closing at record highs.</p><p>AI-fueled optimism offset concerns over Middle East peace talks, which were compounded by recent U.S. strikes on Iran.</p><p>:: Micron</p><p>Semiconductor stocks continued to lead the charge, with Micron Technology soaring 19%, hitting $1 trillion in market value for the first time after UBS more than tripled its price target on the stock.</p><p>But Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, finds the narrowness of market gains concerning.</p><p>"Just to paint a picture of the contrast in the markets from pre-Iran conflict to post, if you look through the market for the first couple of months this year, 65% of companies were outperforming the index. Since the conflict commenced at the end of February, just 24% of companies are outperforming the S&P 500. [FLASH] Any time you see a market that becomes more narrow, as a portfolio manager, as an investor, you start to question the longevity and resilience of that market."</p><p>Sticking with chip makers, shares of Qualcomm rose almost 4.5% after Bloomberg News reported the company reached a deal with TikTok owner ByteDance to supply chips. </p><p>Elsewhere in the market, shares of AutoZone tumbled nearly 9% - despite the company reporting quarterly profit and revenue that beat estimates - as higher costs and inventory investments continued to pressure margins.</p></body>
US stock futures wavered as investors watched for updates on negotiations between the US and Iran.
In the most recent trading session, RH (RH) closed at $138.46, indicating a +1.5% shift from the previous trading day.
The latest trading day saw Signet (SIG) settling at $84.05, representing a +2.99% change from its previous close.
In the closing of the recent trading day, Kroger (KR) stood at $64.55, denoting a -4.01% move from the preceding trading day.
SLB (SLB) closed the most recent trading day at $57.98, moving +1.22% from the previous trading session.
Kinder Morgan (KMI) closed at $32.87 in the latest trading session, marking a -2.72% move from the prior day.
In the most recent trading session, Netflix (NFLX) closed at $87.68, indicating a -1.04% shift from the previous trading day.