Traders work at the New York Stock Exchange on May 28, 2026.
NYSE
U.S. stock futures fell early Tuesday after all three major indexes rose to fresh records during the regular session.
S&P 500 futures slipped 0.37%, while Nasdaq 100 futures shed 0.55%. Futures tied to the Dow Jones Industrial Average fell by 212 points, or 0.41%.
Shares of Hewlett Packard Enterprise surged 26% after the technology company issued a rosy outlook for the current quarter and raised its guidance for the full year, trouncing the Street’s estimates. HPE’s second-quarter results also marked its biggest earnings beat since 2018.
A rally in the technology sector, led by Nvidia following the launch of a new chip for PCs, propelled stocks higher on Monday. The S&P 500 gained 0.26%, while the Nasdaq Composite added 0.42%. The Dow Jones Industrial Average rose 46.42 points, or 0.09%. All three major averages notched new intraday all-time highs and closing records.
Enthusiasm over the artificial intelligence trade has resulted in tremendous performance in the equity markets over the past few weeks. But Katie Stockton, founder of Fairlead Strategies, says that there are no indications that the equity market rally is over.
“We’ve had nine consecutive up weeks for the S&P 500, and naturally that does reflect positive momentum. Momentum is positive now, short term, intermediate term, long term, and we saw a series of flag pattern breakouts, or essentially sharp run ups followed by brief consolidation phases that are then resolved higher,” Stockton said on CNBC’s “Closing Bell” on Monday afternoon. She noted that Dell was a recent example.
“These run-ups are really explosive. Unfortunately, that also means they tend to end in dramatic fashion, but we don’t have indications yet, any confirmed sell signals from our overbought oversold metrics to suggest that this is over.”
Oil prices also rose on Monday after Iranian state media reported that the country’s negotiators will stop exchanging messages with the U.S. via intermediaries. Iran’s state-affiliated news outlet, Tasnim, also said that the country will move to fully block the Strait of Hormuz. The report added that “no dialogue will take place” until Israel fully stops all attacks in both Lebanon and Gaza and fully withdraws from occupied areas in Lebanon.
In response, President Donald Trump told CNBC’s Eamon Javers in a phone interview that he “couldn’t care less” if peace negotiations with Iran are over.
In a later Truth Social post, the president said that he “had a very productive call” with Israeli Prime Minister Benjamin Netanyahu. In a separate post, Trump added that talks with Iran are “continuing, at a rapid pace.”
Dollar General, Victoria’s Secret and Signet Jewelers will report earnings before Tuesday’s opening bell. Traders will also watch out for April’s reading on JOLTS job openings.
Asia-Pacific stocks mostly lower as Iran war uncertainty keeps investors on edge
Asia-Pacific markets traded mostly lower Tuesday, as investors weighed renewed uncertainty over U.S.-Iran peace negotiations, while Wall Street benchmark indexes climbed to fresh highs overnight on tech optimism.
Japan’s Nikkei 225 was 1.32% lower, while the Topix declined 1.14%. South Korea’s Kospi fell 1.92% and the small-cap Kosdaq was down 3.13%.
In Australia, the S&P/ASX 200 lost 0.71%.
Hong Kong’s Hang Seng index added 0.13%, while mainland China’s CSI 300 was up 0.1%.
— Lee Ying Shan
Nearly two dozen companies in this cloud ETF posted gains of more than 10% Monday
The WisdomTree Cloud Computing Fund (WCLD) surged 9% on Monday as tech companies rallied – and more than a few stocks within the fund saw a powerful performance to begin June.
WisdomTree Cloud Computing Fund in the past day
In all, some 22 companies in WCLD gained more than 10% in Monday’s trading. That marks more than 1/3 of the constituents in the fund. It was WCLD’s best day since April 9, 2025.
MongoDB was the big winner, posting a gain of 20.4%, followed by Twilio and HubSpot, both up around 19%. Asana added nearly 18%, while Klaviyo was up close to 16%.
The iShares Expanded Tech-Software Sector ETF (IGV) also popped to start June, advancing close to 6%.
The surge for both ETFs came as the tech sector lifted the S&P 500 to a record close, helping the index overcome the drag of higher oil prices.
–Darla Mercado, Gina Francolla
Retail investors rushed into HPE ahead of blockbuster earnings report
Small investors are benefiting from Hewlett Packard Enterprise‘s rally in extended trading.
HPE shares surged more than 30% after the technology company posted its biggest earnings beat since 2018. The Texas-based company also lifted its full-year earnings per share guidance.
Retail investors bought as much HPE shares on Friday and Monday as they did in the 11 prior months combined, according to market data firm Vanda.
Mom-and-Pop traders bought so much HPE that the stock made it onto Vanda’s retail buying “leaderboard” for the first time ever, the company said.
— Alex Harring
Stocks making the biggest moves after the bell: Hewlett Packard Enterprise, Microchip Technology and more
These are the stocks moving the most in extended-hours trading:
Hewlett Packard Enterprise — The information technology stock surged 27% after Hewlett Packard shared current-quarter earnings and revenue guidance that topped analysts’ estimates, according to FactSet. The company also raised its full-year earnings guidance and topped consensus expectations. The company’s fiscal second-quarter adjusted earnings of 79 cents also topped the 53 cents analysts surveyed by LSEG had penciled in, while its $10.68 billion revenue topped the $9.79 billion estimate. This marked Hewlett Packard’s biggest earnings beat since February 2018, while the company’s revenue was up 40% over a year ago.
Credo Technology — Shares plunged 12% despite Credo, which produces cables and chips to connect powerful AI computers, reporting a fourth-quarter beat on both the top and bottom lines. The company posted adjusted earnings of $1.16 per share on revenue of $437 million, beating the earnings of $1.03 and $432 million in revenue that analysts were expecting, per LSEG. Credo also shared current-quarter revenue guidance that beat the consensus forecast.
Microchip Technology — The semiconductor stock popped 12% after Microchip released revenue information for its data center solutions business unit. The business unit generated $302.7 million in revenue in the 2025 calendar year, and Microchip sees revenue growing by about 65% this calendar year. Revenue for the quarter ending March 2026 was also up 62.9% from the prior year’s quarter.
— Lisa Kailai Han
Stock futures open marginally lower
Stock futures opened little changed on Monday evening.
Shortly after 6 p.m. ET, futures tied to the three major averages were trading just below the flatline.
— Lisa Kailai Han
