Pre-Market Report – Thursday 28 May: US markets mixed | Chips take a breather

The Dow Jones Industrial Average rose to a new record on Wednesday as oil prices retreated, while the S&P 500 eked out a tiny gain, with chip stocks keeping the index’s gains in check.The 30-stock Dow gained 182.60 points, or 0.36%, for a record close of 50,644.28. The blue-chip index also hit an intraday all-time high. The broad market S&P 500 ticked 0.02% higher to 7,520.36, another closing record. The Nasdaq Composite also edged up 0.07% to end at 26,674.73.A decline in oil prices lent the Dow some support. U.S. crude oil fell 5.55% to settle at $88.68 a barrel after Iranian state media said the country is committed to restoring commercial traffic through the Strait of Hormuz to pre-war levels within one month.Oil down 5% Gold falls - SPI down 38—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.