Pre-Market Report – Wednesday 27 May: US markets head higher | S&P 500 at new record

The S&P 500 gained 0.6% on Tuesday and the Nasdaq climbed 1.2% to fresh record highs while the Dow Jones finished 118 points lower as investors returned from the long weekend with continued focus on developments in the Middle East. Markets remained cautiously optimistic that the US and Iran could still reach an agreement, with traders viewing the two sides as closer than ever to a deal despite mixed signals and further strikes. Technology, industrials, and materials led the market higher, while energy and consumer staples stocks posted the steepest declines. Among individual movers, Micron Technology surged 19.3%, pushing its market capitalisation above $1 trillion for the first time after UBS raised its price target and said the stock could more than double. Alphabet rose 1.4%, Broadcom advanced 1.9%, and Tesla gained 1.8%. On the downside, Nvidia slipped 0.2%, while Microsoft and Amazon fell 0.6% and 0.4%, respectively. Exxon Mobil also declined 3.3% and Walmart was down 1.4%.SPI down 3 - Oil up - Gold down - Inflation numbers to come.—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.