The Business Times
business-time-50

Wall St muted as investors assess inflation data, Mideast developments

Summarise
Published Thu, May 28, 2026 · 10:06 PM — Updated Thu, May 28, 2026 · 10:29 PM
    • The S&P 500 gained 1.71 points, or 0.02 per cent, to 7,521.68 and the Nasdaq Composite lost 6.80 points, or 0.02 per cent, to 26,667.93.
    • The S&P 500 gained 1.71 points, or 0.02 per cent, to 7,521.68 and the Nasdaq Composite lost 6.80 points, or 0.02 per cent, to 26,667.93. PHOTO: REUTERS

    [NEW YORK] Wall Street’s main indexes retreated from record highs on Thursday (May 28) as escalating tensions between the US. and Iran dampened hopes of an imminent peace deal, while investors digested key inflation data.

    At 10.01 am ET, the Dow Jones Industrial Average fell 110.97 points, or 0.22 per cent, to 50,533.31.

    The S&P 500 gained 1.71 points, or 0.02 per cent, to 7,521.68 and the Nasdaq Composite lost 6.80 points, or 0.02 per cent, to 26,667.93. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Dow JonesS&P 500Nasdaq

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Asian investors continue to allocate capital to global markets, while maintaining significant exposure to US assets. 

    Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing

    Dr Mari Elka Pangestu says unilateralism is “concerning” as Asean’s growth model depends upon openness and a rules-based global order.

    Asean’s challenge is to become resilient against global geopolitics: former Indonesia trade minister

    The Philippines has lost between 42.3 billion pesos (US$675.6 million) and 118.5 billion pesos to flood-control corruption since 2023.

    Floods compound Philippine growth woes from public-works scandal

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More