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By Stephen Culp NEW YORK, May 28 (Reuters) - U.S. stocks turned higher on Thursday and European shares pared their losses following reports that the United States and Iran have reached an agreement to
Stocks were struggling to build on their recent records on Thursday after the latest escalation between the U.S. and Iran and the hottest inflation report since 2023. The Dow fell 301 points, or 0.5%. The S&P 500 was down 0.1%.
Wall Street closed mixed on Wednesday, driven by healthcare and consumer stocks.
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US equity futures were lower pre-bell Thursday as fresh US and Iranian strikes once again threatened
Wall Street stocks are expected to go into reverse on Thursday as optimism about the ceasefire in the Gulf and a potential US-Iran peace deal became increasingly strained. Futures for the tech-laded Nasdaq were tipped to lead the decline, down 0.5%, while S&P 500 and Dow Jones futures...
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Wall Street futures pointed moderately lower pre-bell Thursday after media reports of renewed US mil
In the first quarter of 2026, the average 401(k) balance with Fidelity Investments fell by 4% from the start of the year to $141,000, according to a new report.
Stocks looked set to drop on Thursday as investors fretted about the status of the fragile cease-fire between the U.S. and Iran. S&P 500 futures declined 0.1% and contracts tied to the tech-heavy Nasdaq 100 fell 0.4%. American forces shot down Iranian drones and hit a drone-control station near Bandar Abbas, according to The Wall Street Journal, citing U.S. officials.
Oil prices fell on a new report of progress in negotiations. Iran’s state broadcaster reported that a draft framework being negotiated with the U.S. includes restoring commercial shipping to prewar levels within a month. President Trump, speaking at a cabinet meeting, signaled that he was prepared to keep negotiating but didn’t exclude further military action.
All three major indexes spent the day inching toward fresh record highs as oil futures seemed to see an end in sight for the Iran war. The Nasdaq Composite Index closed up 0.1% to a new high of 26,674.73 on Wednesday. Today’s market wins were largely driven by the fact that oil futures were hovering at a six-week low on the news that the U.S. and Iran seem to be heading toward a deal to end the conflict and reopen the Strait of Hormuz.
A number of stocks jumped in the afternoon session after Iran-US peace deal progress drove crude oil sharply lower as the broader market reached all-time highs.
Samsara Inc. (IOT) closed at $29.47 in the latest trading session, marking a -5.42% move from the prior day.
Jabil (JBL) closed the most recent trading day at $371.38, moving 2.33% from the previous trading session.
In the latest trading session, D.R. Horton (DHI) closed at $147.81, marking a +1.52% move from the previous day.
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