The Business Times
business-time-50

US stocks gain on optimism over US-Iran deal to open Hormuz

Summarise
Published Tue, May 26, 2026 · 10:19 PM
    • The S&P 500 Index opened 0.6 per cent higher on Tuesday (May 26) morning, on track for a fourth day of gains.
    • The S&P 500 Index opened 0.6 per cent higher on Tuesday (May 26) morning, on track for a fourth day of gains. PHOTO: REUTERS

    [NEW YORK] US equities climbed and US oil prices were lower as investors bet that a deal to re-open the Strait of Hormuz was close, even as hostilities flared to test the fragile ceasefire.

    The S&P 500 Index opened 0.6 per cent higher on Tuesday (May 26) morning, on track for a fourth day of gains.

    The Nasdaq 100 Index rose 1.2 per cent at the opening bell, while the Dow Jones Industrial Average climbed 0.3 per cent. BLOOMBERG

    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 JonesNasdaqS&P 500

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

    Feedback

    TRENDING NOW

    Banking stocks were all lower on Thursday morning, leading the STI’s decline.

    DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    RHB highlights OCBC for its “all-round balance-sheet strength and earnings momentum”.

    OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks

    Ang’s San Miguel holds nearly 25% of Luzon’s installed capacity and Lopez’s First Gen accounts for 12%.

    Deal between tycoon friends sparks scrutiny of Philippine power sector

    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