Published On 5/28/2026
The American stock market closed today at record high levels, as gold rose, while the dollar and oil declined in today’s session, following reports that revealed that Iran and America had reached an agreement to extend the ceasefire and begin new negotiations.
The Standard & Poor’s 500 and Nasdaq indexes closed at an increase of 0.58% and 0.91%, respectively, with the first index reaching 7,563.71 points and the second reaching 26,917.29 points.
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The Dow Jones Industrial Average also rose by 0.04%, reaching 50,666.29 points. All three indices are for the Wall Street Stock Exchange.
Bill Mears, head of capital markets research at U.S. Bank Wealth Management, said that US stock markets “have witnessed a degree of daily volatility as a result of geopolitical events. But despite all the negative news and uncertainty surrounding the Middle East, we see this intersection of positive factors and market signals sending a message that growth is strong, growth-oriented assets continue to perform well, and we are at unprecedented record levels.”
Unlike the US stock market, European stock indices closed lower in today’s session, as the pan-European Stoxx 600 index fell by 0.49%.
Oil and the dollar
In the oil market, the benchmark Brent crude oil and West Texas Intermediate crude oil finished mixed, with Brent futures contracts for July declining by 0.6% at $93.1 per barrel, while American light crude oil rose slightly by 0.3% to touch the price of $88.90 per barrel.
In the currency market, the dollar declined in today’s trading due to disappointing data on the US economy, as the dollar index fell by 0.27% to 99.02 points, while the euro rose by 0.21% to $1.1648.
Official data in the United States showed that the inflation rate rose 3.8% during the twelve months ending last April, in line with expectations.
Against the Japanese yen, the dollar fell by 0.16% to 159.26 yen.
Gold trimmed its early losses in today’s session, ending with an increase for the precious metal in the spot market by 0.9% at $4,497 per ounce, and US gold futures contracts rose by 1.04% to record $4,494 per ounce.
