U.S. stock markets are opening firmly in positive territory today, Friday, May 29, 2026, as a historic 40% explosion in Dell Technologies and a highly anticipated U.S.–Iran ceasefire agreement ignite a broad-based, risk-on rally.
An extraordinary macroeconomic data block this morning is completely reshaping the market landscape. While a narrowing Advance International Trade Deficit ($82.4B) provided an early lift, the market was electrified at 9:45 a.m. ET by the May Chicago PMI, which skyrocketed 13.5 points to 62.7—crushing estimates to mark its largest single-month expansion since 2020. This blockbuster industrial data proves the economic heartland is running white-hot, eclipsing yesterday's sticky 3.3% Core PCE inflation worries and sending capital charging back into equities.
📊 Major Indices & Intermarket Metrics
- S&P 500: Climbing +0.42% to 7,551.10, targeting fresh all-time intraday highs.
- Dow Jones Industrial Average: Up 185 points (+0.37%) to 50,838.90, building on Wednesday's record closing milestone.
- Nasdaq Composite: Leading the charge, up +0.68% to 26,802.75, supercharged by massive server and AI hardware demand.
- Crude Oil (WTI): Plunged -2.10% to $86.64 per barrel. Progress on permanently reopening the Strait of Hormuz is completely deflating geopolitical energy premiums, setting oil up for a staggering 19% monthly decline.
🚀 Key Corporate Movers
- The AI Infrastructure Surge: Dell Technologies (DELL) skyrocketed 39.8% to $195.40 after smashing Q1 revenue estimates by 88% on historic AI server demand, pulling up hardware peer Super Micro Computer (SMCI) by +6.2%.
- Cybersecurity Divergence: SentinelOne (S) crashed 20.4% on weak forward guidance and an 8% workforce reduction. However, sector peer Zscaler (ZS) is staging a +3.4% technical bounce, recovering from its brutal 31% selloff on Wednesday.
- Speculative Asset Watch: Your tracked micro-cap tech vehicle, Asset Entities Inc. (ASST), is experiencing a morning volume spike (+14%), tracking high-beta momentum as retail capital rotates into speculative tech structures.
🪙 Bitcoin Technical Setup
Bitcoin has staged a resilient recovery following yesterday's geopolitical long liquidation cascade, rallying +1.85% to trade at $74,185.
- Support / Resistance: Firm structural support has been re-established at $73,500. Immediate overhead resistance sits at $74,800, with a major psychological ceiling waiting at $75,000.
- The Mechanics: The cooling of Middle East tensions has stripped the safe-haven premium out of digital assets, but the massive risk-on appetite stemming from the blowout Chicago PMI and Dell's earnings is providing strong equity-correlated tailwinds.
We are heading directly into the crucial midday liquidity shift. Let me know if you would like me to track:
- Live large-block options order flow for DELL to pinpoint institutional profit-taking levels
- The exact intraday bid-ask spreads and contract Greeks for your ASST options setup
- How the U.S. Dollar Index (DXY) is reacting to the blowout manufacturing numbers
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