The U.S. stocks opened higher Friday, extending a record-setting rally as investors reacted positively to strong corporate earnings and signs of progress in U.S.-Iran negotiations.
According to the report, the S&P 500 rose 0.2% early in trading, while the Dow Jones Industrial Average gained 82 points and the Nasdaq also moved higher.
Dell stock skyrockets 32%, heads for best day ever as AI server revenue soars https://t.co/2aBBxA5Smz
— CNBC (@CNBC) May 29, 2026
A major driver of the rally was Dell Technologies, whose shares surged more than 30% after reporting stronger-than-expected quarterly results and raising its full-year outlook. The company cited robust demand for artificial intelligence infrastructure and also secured a $9.7 billion Pentagon contract, the report said.
Investor sentiment was further boosted by reports that U.S. and Iranian negotiators had reached a tentative agreement to extend a ceasefire and continue nuclear talks. The proposed deal remains subject to approval by President Donald Trump.
Meanwhile, oil prices declined as hopes grew for a reopening of the Strait of Hormuz. Global markets were mostly higher, with Japan and South Korea reaching record highs amid continued enthusiasm for AI-related investments.
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TIPP Staff
