Good morning.
The Fast Five → SpaceX lowers IPO valuation target to $1.8 Trillion, Anthropic's valuation surpassed OpenAI, oil set for worst month since 2020, Costco sells 'record-breaking' amounts of gas, and Snowflake earnings boost stock to best day on record…
📌 President Trump just filed a form showing he personally bought millions' worth of Nvidia, Apple, Microsoft, and more. The man has access to more economic intelligence than anyone alive, and he's aggressively buying US stocks. Brett Eversole – who helped predict the Dow would hit 50,000 – says this signals a once-in-a-generation "Melt Up." See what he's telling readers to buy now »
(from Stansberry Research)
Calendar: Full Calendar »
Today:
None watched
Monday:
ISM Manufacturing PMI, 10:00A
Your 5-minute briefing for Friday, May 29:
BEFORE THE OPEN
As of market close 5/28/2026.
Pre-Market:
Market Wrap:
Futures flat Dow -10, S&P flat, Nasdaq flat
S&P +0.58%, Nasdaq +0.91%, Dow +0.05% hit fresh records
US and Iran reportedly near 60-day ceasefire agreement
Dell +38% after earnings beat and guidance raise
Iran launches missiles hours after ceasefire progress report
AI earnings continue driving market higher
Nasdaq leading weekly gains, up more than 2%
EARNINGS
None watched today. See full earnings calendar »
The Real Reason Musk, Huang, Cook, and
Fink Just Flew to Beijing
Would you like to know how to tap into the SpaceX IPO windfall...
Last week, the CEOs of Nvidia, Apple, SpaceX, BlackRock, Goldman Sachs, Visa, Boeing, and more boarded Air Force One with President Trump to visit China.
A US-China trade deal would ignite a Melt Up in US stocks, sending the market into a frenzy.
- a sponsored message from Stansberry Research -
HEADLINES
Bloomberg reported in April that SpaceX was aiming for a valuation above $2 trillion.
Anthropic said on Thursday it has raised $65B at a post-money valuation of $965B, as it aims to bolster computing capacity to meet growing demand for chatbot Claude and scale its products.
Wall St hits more record closing highs on US-Iran ceasefire extension (more)
Fed's inflation gauge heats up, cementing steady rate path (more)
US first-quarter GDP growth revised lower to 1.6% pace (more)
Consumer spending comes under pressure as inflation picks up (more)
Americans’ savings falls to lowest since ‘22 as inflation outpaces paychecks (more)
Dollar heads for weekly loss on reports of US-Iran ceasefire deal (more)
Oil set for worst month since 2020 (more)
Costco sells 'record-breaking' amounts of gas as fuel costs soar (more)
Apollo shops $36B debt deal to buy Google chips for Anthropic (more)
Snowflake earnings boost stock to best day on record (more)
Dell shares soar 40% after outlook tops estimates on AI boom (more)
Companies evaluate aggressive AI spending as costs pile up (more)
Costlier US summer travel into haves and have-nots (more)
- We’re on a Short Break -
Dealflow, Crypto, and Bullish sections
will resume on Monday, June 1, 2026.
DAILY SHARES
Have feedback or a suggestion?
💌 Send us a message
*sponsored message
Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team.
