Trade Secrets: Dailies 05.29.2026

US stock futures made slight gains as Wall Street eyed Dell's earnings report and awaited an official update on US negotiations with Iran.
After the bell, Dell’s (DELL) results blew past investors’ expectations, lifting its stock close to 40% higher. The company issued an upbeat outlook, indicating the rapid expansion of data centers amid the AI boom would continue to drive demand for its servers, which run on Nvidia (NVDA) chips.
On Thursday, stocks rose, with the S&P 500 (^GSPC) and Nasdaq (^IXIC) touching record highs, as confidence in the AI trade and hopes of easing global tensions boosted sentiment.
Since Trump signaled last week that the US is in the “final stages” of talks with Iran, markets have largely been upbeat. The trend continued this week, with the S&P 500 and Nasdaq hitting record highs three days in a row.
An official update on the negotiations, however, remains elusive, even as reports circulate of a deal for a ceasefire extension reaching Trump’s desk. Markets are eager for relief on the US-Iran war front as the closure of the Strait of Hormuz exacerbates rapidly rising prices and drums up concerns about the Federal Reserve’s next moves on interest rates.
Asian stock markets rose sharply on Friday, led by artificial intelligence-linked shares tracking Wall Street’s record highs, while reports that the U.S. and Iran were close to extending their ceasefire also boosted risk appetite.
Asian technology shares took cues from Wall Street, where the S&P 500 and NASDAQ Composite posted record closing highs overnight, driven by strong gains in AI-linked companies.
Japan’s Nikkei 225 jumped nearly 3% a fresh all-time high of 66,449.48 points, while the broader TOPIX index rose 2%.
South Korea’s KOSPI surged 3.4% to new record levels of 8,458.25 points, powered by strong advances in semiconductor and artificial intelligence-linked shares.
Hong Kong’s Hang Seng index rose 1%, with the Hang Seng TECH sub-index climbing 1.7%.
Investor sentiment improved after reports said Washington and Tehran had reached a draft agreement to extend their ceasefire for another 60 days and continue negotiations over Iran’s nuclear programme and regional security issues.
The proposed agreement still requires approval from U.S. President Donald Trump, while Iranian media said the framework had not yet been finalized.
The reports helped calm some fears of further tensions surrounding the Strait of Hormuz, a key route for global oil supplies.
Oil prices fell for a second straight session, with Brent crude heading for its steepest weekly decline in nearly two months.
Still, investors remained cautious after U.S. inflation data showed persistent price pressures. Data released on Thursday showed the personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, rose at its fastest annual pace in three years in April.
Elsewhere in Asia, China’s Shanghai Composite edged down 0.4%, while the blue-chip Shanghai Shenzhen CSI 300 index traded flat.
Singapore’s Straits Times Index rose 1%, while India’s Nifty 50 was largely unchanged.
Australia’s S&P/ASX 200 index climbed 1.3%.
In Japan, data showed Tokyo core inflation slowed to 1.3% in May, remaining below the Bank of Japan’s 2% target and reinforcing expectations that the central bank will proceed cautiously with further policy normalization.
Separate data showed that Japan’s factory output rose 0.9% in April from the previous month, rebounding unexpectedly despite concerns over rising energy costs and supply-chain disruptions linked to Middle East tensions.
Retail sales rose 2.1% in April from a year earlier, matching March’s pace and topping market forecasts for 1.4% growth.

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