[New York Stock Exchange] Markets Open Higher Across the Board on Ceasefire Hopes Despite Airstrike News

Crude Oil Prices and U.S. Treasury Yields Decline

Expectations for a ceasefire agreement between the United States and Iran continued to support buying momentum in technology stocks, leading all three major U.S. stock indices to open higher on May 26 (local time).

According to the home trading system (HTS), as of 9:40 a.m., the Dow Jones Industrial Average (Dow Jones Index) on the New York Stock Exchange (NYSE) stood at 50,733.94, up 154.24 points (0.30%) from the previous trading day. The S&P 500 Index, focused on large-cap stocks, rose by 40.52 points (0.54%) to 7,513.99, while the Nasdaq Index, which is weighted toward technology stocks, jumped by 203.91 points (0.77%) to 26,547.88.

New York Stock Exchange. New York, USA - Special correspondent Yoonju Hwang.

On this day, the United States announced that it had conducted airstrikes in southern Iran as an act of self-defense. Tim Hawkins, spokesperson for U.S. Central Command, stated that Iranian vessels attempting to deploy missile launchers and lay mines were among the targets of the airstrikes, adding, "The United States exercised restraint and upheld the ongoing ceasefire agreement between the two countries."

The Islamic Revolutionary Guard Corps (IRGC) claimed it had shot down an unmanned MQ-9 Reaper drone and forced another aircraft to retreat. The airstrikes occurred just hours after U.S. President Donald Trump revealed that ceasefire negotiations with Iran were underway, but this did not dampen expectations for an end to the conflict.

U.S. Secretary of State Marco Rubio stated that the ceasefire agreement could take several days to finalize, suggesting that the outlook for an eventual end to the war remains intact.

Adam Crisafulli of Vital Knowledge analyzed, "The prevailing view is still based on the assumption that a formal de-escalation between the United States and Iran will take place within the next few days. Ultimately, the key issue is how much of this situation is already priced in."

As of this time, July delivery of West Texas Intermediate (WTI) crude oil on the New York Mercantile Exchange was trading at $93.11 per barrel, down 3.91% from the previous session. Meanwhile, July delivery of Brent crude oil on the ICE Futures Exchange was up 3.38% from the previous session at $99.28 per barrel.

The stock market is rising, led by technology stocks. Among the top stocks by market capitalization, Nvidia is up 1.23%, Apple 0.64%, Amazon 0.19%, Alphabet 0.34%, Broadcom 1.17%, and Tesla 1.02%.

Micron Technology, in particular, is surging by 14.15% from the previous session, buoyed by optimistic analyst forecasts. In contrast, Microsoft is down 0.09%, Meta is down 0.11%, and oil majors such as ExxonMobil and Chevron are also declining by 0.31% and 0.56%, respectively.

Meanwhile, U.S. Treasury yields are falling. According to Investing.com, the 10-year U.S. Treasury yield was down 7.8 basis points (1bp = 0.01 percentage point) from the previous session at 4.493%. The 30-year U.S. Treasury yield stood at 5.019%, down 6.3 basis points from the previous session.

This content was produced with the assistance of AI translation services.