{"id":4963,"date":"2026-05-28T15:16:07","date_gmt":"2026-05-28T15:16:07","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=4963"},"modified":"2026-05-28T15:16:07","modified_gmt":"2026-05-28T15:16:07","slug":"dow-slips-190-points-as-oil-jumps-inflation-data-eases-fed-concerns","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=4963","title":{"rendered":"Dow slips 190 points as oil jumps, inflation data eases Fed concerns"},"content":{"rendered":"
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Wall Street traded mixed on Thursday as investors weighed softer-than-expected monthly inflation data against escalating geopolitical tensions between the United States and Iran, which pushed oil prices sharply higher.<\/p>\n

The Dow Jones Industrial Average fell 194 points, or 0.37%, while the S&P 500 and Nasdaq Composite fell 0.14% and 0.24%, respectively.<\/p>\n

Markets initially found some relief after fresh inflation data showed price pressures cooled slightly in April compared with economists’ expectations.<\/p>\n

The personal consumption expenditures (PCE) price index, the Federal Reserve\u2019s preferred inflation gauge, rose 0.4% on a seasonally adjusted basis during the month.<\/p>\n

That was below economists’ forecasts for a 0.5% increase.<\/p>\n

The annual inflation rate came in at 3.8%, matching expectations but remaining well above the Federal Reserve\u2019s long-term 2% target.<\/p>\n

The data helped ease concerns that inflation pressures were accelerating further, though investors remained cautious as energy prices climbed again amid renewed Middle East tensions.<\/p>\n

Oil prices surge as US-Iran tensions escalate<\/h2>\n

Investor sentiment weakened after reports that Iran\u2019s Revolutionary Guard targeted a US airbase following fresh American military strikes against a site in Iran.<\/p>\n

The developments reduced hopes for an imminent diplomatic agreement between Washington and Tehran.<\/p>\n

Oil prices jumped more than 2% during the session as concerns grew around potential disruptions involving the Strait of Hormuz, one of the world\u2019s most critical oil shipping routes.<\/p>\n

West Texas Intermediate crude futures rose above $90 per barrel, while Brent crude futures climbed above $96.<\/p>\n

The White House also denied reports from Iranian state television suggesting Tehran had agreed to restore commercial traffic through the Strait of Hormuz within one month as part of a potential deal with the US.<\/p>\n

President Donald Trump additionally rejected reports that Washington was nearing a compromise agreement with Iran.<\/p>\n

Treasury yields edged higher alongside the rise in oil prices, reflecting renewed inflation concerns tied to energy markets and geopolitical uncertainty.<\/p>\n

AI and earnings momentum continue supporting markets<\/h2>\n

Despite geopolitical uncertainty, investor optimism surrounding artificial intelligence and corporate earnings growth continued to help support broader market sentiment.<\/p>\n

The major indexes entered Thursday near record highs after all three closed at all-time highs during the previous session.<\/p>\n

The S&P 500 also remained on track for its ninth consecutive weekly gain, marking its longest winning streak since December 2023.<\/p>\n

Several technology and AI-related companies posted strong gains following earnings and guidance updates.<\/p>\n

Snowflake surged roughly 33% <\/a>after the cloud data company raised its annual product revenue forecast and announced a five-year, $6 billion AI infrastructure agreement with Amazon Web Services.<\/p>\n

Marvell Technology also rose after posting first-quarter results, with shares more than doubling so far this year amid continued AI-driven demand.<\/p>\n

Other technology-related companies, including Datadog and MongoDB, also advanced during the session.<\/p>\n

Outside technology, retail stocks posted strong moves following earnings reports.<\/p>\n

Dollar Tree climbed after raising its full-year profit forecast, while Best Buy surged after projecting second-quarter sales above Wall Street expectations.<\/p>\n

Drone-related companies also rallied after a Wall Street Journal report said the Trump administration was discussing potential funding support for drone firms.<\/p>\n

The post Dow slips 190 points as oil jumps, inflation data eases Fed concerns<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Wall Street traded mixed on Thursday as investors weighed softer-than-expected monthly inflation data against escalating geopolitical tensions between the United States and Iran, which pushed oil prices sharply higher.The Dow Jones Industrial Average fell 194 points, or 0.37%, while the S&P 500 and Nasdaq Composite fell 0.14% and 0.24%, respectively.Markets initially found some relief after…<\/p>\n","protected":false},"author":1,"featured_media":4964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/4963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4963"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/4963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/4964"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}