This content was published on <\/p>\n
May 29, 2026 – 18:09\n<\/p>\n
(Bloomberg) \u2014 Hopes that a ceasefire deal could pave the way for an end to the Iran conflict drove stocks toward a historic streak of weekly gains, with the market also buoyed by the artificial-intelligence trade.<\/p>\n
A nearly 20% surge in the S&P 500 from war-driven lows left the index on track for its ninth straight weekly advance, the longest stretch since 2023. Such occurrence has only been matched a few times since 1985. While the gauge edged mildly up on Friday, it was set for another record close. Dell Technologies Inc. surged 28% on a solid outlook fueled by demand for AI servers. Brent oil fell to $92, poised for its worst month since 2020.<\/p>\n
President Donald Trump said Friday he\u2019s making a \u201cfinal determination\u201d on a preliminary deal to extend a ceasefire. In a social-media post, he reiterated that Iran \u201cwill never have a Nuclear Weapon or Bomb\u201d and the Strait of Hormuz must be open and any mines destroyed or removed.<\/p>\n
The text of a possible memorandum of understanding hadn\u2019t been finalized, Tasnim reported. Mohammad Bagher Ghalibaf, the speaker of Iran\u2019s parliament, said earlier \u201cwe have no trust in guarantees or words, the only criterion is action; no action will be taken before the other side acts.\u201d<\/p>\n
\u201cAs long as the flow through the Strait starts moving back to what it was before March, investors are happy with the outcome,\u201d said Matt Maley at Miller Tabak. \u201cWe suppose there is still the risk that this deal will fall through. However, it does look like there will be at least an extension of the ceasefire.\u201d<\/p>\n
The question is whether the market has already priced in that deal, he noted.<\/p>\n
\u201cThe deal is mostly priced into markets,\u201d said Tom Essaye at The Sevens Report. \u201cConfirmation shouldn\u2019t cause a big rally, although if the deal is rejected, it will be a modest negative.\u201d<\/p>\n
While easing geopolitical tensions and an ongoing ceasefire framework have provided a major catalyst for equity gains, strong corporate earnings have also played a critical role in sustaining momentum, according to Adam Turnquist at LPL Financial.<\/p>\n
\u201cThe enthusiasm for stocks is warranted,\u201d said Emily Bowersock Hill at Bowersock Capital Partners. \u201cInvestors expect the AI infrastructure boom to continue to mask the negative impact of geopolitical disruption. Stock markets care about company profits, as long as earnings grow, stock prices can continue to rise.\u201d<\/p>\n
Action in the bond market was fairly muted on Friday, but Treasuries headed toward their best week since the start of the war.<\/p>\n
Corporate Highlights:<\/p>\n
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk\u2019s rocket and artificial intelligence company nears its debut. In a post Friday on X, Musk replied \u201cFalse\u201d to an account citing Bloomberg News\u2019 report that SpaceX had lowered its valuation target. Apollo Global Management Inc. and Blackstone Inc. are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic PBC build out its AI infrastructure. Micron Technology Inc. climbed after Susquehanna raised its price target on the chipmaker to a Street-high view of $1,750 from $600. Gap Inc. sank after the retailer lowered its sales outlook, the latest setback for the company that has struggled with its product mix as it tries to win back shoppers. Replimune Group Inc. soared after the biotech company said that US regulators would reconsider its skin cancer treatment after two prior rejections. What Bloomberg strategists say\u2026<\/p>\n
\u201cGiven that individual investors often continue piling in even late in rallies, when performance-chasing becomes the dominant force, stocks have further upside.\u201d<\/p>\n
\u2014Alyce Andres, Macro Strategist, Markets Live. For the full analysis, click here.<\/p>\n
Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
The S&P 500 rose 0.3% as of 12:09 p.m. New York time The Nasdaq 100 rose 0.4% The Dow Jones Industrial Average rose 0.7% The Stoxx Europe 600 rose 0.1% The MSCI World Index rose 0.4% Currencies<\/p>\n
The Bloomberg Dollar Spot Index fell 0.1% The euro rose 0.2% to $1.1675 The British pound rose 0.2% to $1.3469 The Japanese yen was little changed at 159.23 per dollar Cryptocurrencies<\/p>\n
Bitcoin rose 0.4% to $73,763.98 Ether rose 0.9% to $2,030.28 Bonds<\/p>\n
The yield on 10-year Treasuries declined one basis point to 4.44% Germany\u2019s 10-year yield declined two basis points to 2.94% Britain\u2019s 10-year yield was little changed at 4.81% Commodities<\/p>\n
West Texas Intermediate crude fell 1.3% to $87.76 a barrel Spot gold rose 1.6% to $4,568.28 an ounce \u00a92026 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"This content was published on May 29, 2026 – 18:09 (Bloomberg) \u2014 Hopes that a ceasefire deal could…\n","protected":false},"author":2,"featured_media":74315,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[13692,1990,41,17,1991],"class_list":["post-74314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-bonds","tag-business-general","tag-swiss","tag-switzerland","tag-ticker"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116658985180933671","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/74314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=74314"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/74314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/74315"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=74314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=74314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=74314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}