News

Wall Street ends May at record highs on hopes for Middle East progress

The ongoing situation in the Middle East continued to be a key driver of market sentiment. Although there were some mixed signals, with US strikes on Iranian targets, there were growing expectations that the two sides were close to reaching an agreement to wind down the war.

Inflation concerns offset AI enthusiasm

Wall Street had a mixed week, with stocks initially propelled by artificial intelligence (AI) optimism, but this was later replaced by concerns around inflation.

S&P 500 and Nasdaq Composite on six-week winning streak

Wall Street notched another positive week, buoyed by strong company earnings while investors also weighed up the prospect of a resolution to the Middle East conflict.

Global markets mixed as geopolitical risks persist

US stocks started the week cautiously after a strong prior rally, as fading hopes of near-term de-escalation in the Middle East weighed on sentiment.

S&P 500 and Nasdaq Composite on thirteen session winning streak

Global equity markets were lifted on signs of easing geopolitical tensions in the Middle East.

Global equities jump on ceasefire deal

There was an initial degree of caution at the start of the week given sharp rhetoric from President Trump in which he threatened to target Iranian infrastructure unless the Strait of Hormuz was reopened.