The Business Times
business-time-50

Wall St muted as investors assess inflation data, Mideast developments

Summarise
google-preferred-sourceAdd BT as a preferred source
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

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Allowing some older malls to evolve organically could help Orchard Road retain diversity, says one observer.

    Room for more offices, homes and green spaces to make Orchard Road more vibrant

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The amendments "aim to protect the competitive process of takeover and merger transactions", says SIC.

    MAS revises takeover and merger code to enhance competition and disclosures

    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