Traders at work at the New York Stock Exchange on May 28, 2026.
new york stock exchange
Dow Jones Industrial Average Futures It fell on Tuesday, with traders digesting the move to new highs while monitoring the latest developments in the U.S. and Iran, as well as movements in major tech stocks.
Futures tracking the blue-chip stock index fell 251 points, or 0.5%. S&P500 futures Although it fell by 0.2%, Nasdaq 100 futures 0.1% reduction.
alphabet Shares fell more than 2% after the company announced it would raise $80 billion in a stock sale to fund the buildout of artificial intelligence. This includes a $10 billion investment from Berkshire Hathaway.
The stock initially soared in after-hours trading, then fell. Vital Knowledge’s Adam Crisafulli said the announcement was “ultimately negative.” “If the largest business model in the history of capitalism (in terms of size, growth, profits, and cash flow) can’t fund AI from its own internal operations, then who can?” he said.
However, technical losses were controlled. Nvidia It rose more than 1% in the previous session. shares of hewlett packard enterprise Shares also rose 28%, beating TheStreet’s expectations, after the company issued rosy guidance for the current quarter and raised its full-year outlook. HPE’s second-quarter results also marked its biggest profit since 2018.
marvel technology Shares also rose 19% after Nvidia CEO Jensen Huang said the semiconductor company could become the next trillion-dollar company.
“When you take a computing problem and break it down into many parts and distribute it across data centers, what you need is connectivity,” Huang said. “That’s why Marvel is so important.”
Nvidia led the tech rally, with major averages hitting record highs on Monday. The enthusiasm for artificial intelligence trading has seen incredible performance in the stock market over the past few weeks. But Katie Stockton, founder of Fairlead Strategies, says there’s no sign of the stock market rally ending.
“The S&P 500 index has been up for nine straight weeks, which of course reflects positive momentum. Short-term, medium-term, long-term, the momentum right now is positive, and we’ve seen a series of flag pattern breakouts, essentially a sharp rally followed by a brief period of consolidation,” Stockton said Monday afternoon on CNBC’s “Closing Bell.” She pointed to Dell as a recent example.
“These rallies have been truly explosive. Unfortunately, that also means they tend to end in dramatic fashion, but there are still no signs or confirmed sell signals from overbought/oversold indicators to suggest this is over.”
Oil prices also rose on Monday after Iranian state media reported that the country’s negotiators would stop exchanging messages with the United States through intermediaries. Iran’s state news agency Tasnim also reported that Iran is moving toward a complete blockade of the Strait of Hormuz. The report added that “no dialogue will take place” until Israel completely ceases all attacks in both Lebanon and Gaza and completely withdraws from occupied Lebanese territory.
In response, President Donald Trump told CNBC’s Eamon Jabbers in a phone interview that he “doesn’t care” if peace talks with Iran end. In a subsequent Truth Social post, the president said he had “a very productive phone conversation” with Israeli Prime Minister Benjamin Netanyahu. Trump added in another post that talks with Iran “continue at a rapid pace.”
