On May 28, 2026, U.S. stock indexes experienced declines with the S&P 500 down -0.14%, the Dow Jones down -0.27%, and the Nasdaq 100 down -0.34%. Crude oil prices surged more than +2% following U.S. airstrikes on Iranian military targets and heightened tensions in the region.
Key economic indicators revealed that U.S. weekly initial unemployment claims rose by +5,000 to 215,000, exceeding expectations of 211,000. April’s core PCE price index rose +3.3% year-over-year, while Q1 GDP was revised downward to +1.6%, below forecasted figures. Additionally, April capital goods new orders fell -1.1% month-over-month, marking the largest decline in a year.
Despite the negative news, 83% of S&P 500 companies reporting Q1 earnings have surpassed estimates, with overall earnings projected to increase +12% year-over-year, as noted by Bloomberg Intelligence.
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