Wall Street advanced on Thursday ​as progress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip selloff that held the Nasdaq’s ‌gains in check. The blue-chip Dow touched a record high, with a boost from healthcare (.SPXHC), and financial stocks (.SPSY), opens new tab, but the gains of the S&P 500 and the Nasdaq were more muted. Get a daily digest of breaking business news straight to your inbox with the Reuters Business

Software stocks have rebounded from a punishing selloff as investors are betting ⁠that ⁠AI may boost the sector rather than leaving it for ⁠dead. The iShares Expanded Tech-Software Sector ETF has surged nearly 42% from its April low, turning fears that AI would rip the ​heart out of the industry into hopes that software firms will enlist AI as a valuable ally. The software ETF is down under 2% for 2026 after earlier falling 30%. Now investors are flocking to ‌firms they see s

The selloff in the shares ⁠of ⁠U.S. bourse operators continued ⁠on Tuesday on worries over the risk implications of perpetual ​futures for cryptocurrencies and fear among investors that such derivative contracts would be ‌extended to equities. Cboe Global Markets ‌fell 9%, while CME Group and NYSE-parent Intercontinental Exchange each fell roughly ⁠4%. The Commodity ⁠Futures Trading Commission paved the way for the introduction of ​perpetual crypto futures on Friday, marking

In a photo from the American Society of Clinical Oncology, the annual meeting for the society in Chicago, May 31, 2025. One of the conference’s coveted headliners this year was a presentation of a clinical trial conducted only in China. (Zach Boyden-Holmes/ASCO via The New York Times) By REBECCA ROBBINS and GINA KOLATA For decades, an annual gathering of oncologists has featured drug trials that were run mainly at American and European hospitals. But at this year’s meeting,

Wall Street ⁠stocks ⁠posted modest gains on Monday as investors ⁠watched developments in U.S.-Iran peace negotiations and cheered the unveiling of a new computer chip ​that promises to bring artificial intelligence to personal computing. Tech shares boosted the Nasdaq and the S&P 500 to their latest in a series ‌of record closing highs. U.S. President Donald Trump ‌said talks with Iran continue. Earlier, Iran’s news agency announced Tehran is halting indirect negotiations wi

Investors will turn to an important labor market update this week as they weigh whether simmering inflation and the potential for interest rate ​hikes could derail the rally in U.S. stocks. Broadcom’s (AVGO.O), results also pose a test in the coming week for the red-hot AI trade. Last week, U.S. ‌equity indexes continued their charge higher, with the benchmark S&P 500 (.SPX), posting a gain for a ninth straight week. The index is up more than 10% on the year, while the Nasdaq

Jeremy Nixon, co-founder of A.G.I. House, in San Francisco, May 24, 2026. Pope Leo XIV’s spiritual message on artificial intelligence arrived as Silicon Valley’s A.I. enthusiasts work on their own spirituality through technology. (Kelsey McClellan/The New York Times) By CADE METZ When Pope Leo XIV presented a 42,300-word open letter to the world’s 1.4 billion Catholics on Monday, calling for protections against the rise of artificial intelligence, he was joined by Christopher

The S&P 500 and the Nasdaq extended gains on Thursday, briefly hitting intraday record highs, after news reports ‌said the U.S. and Iran had reached a deal, while investors also digested key inflation data. The news was first reported by Axios, which said that negotiations on Iran’s nuclear program would be held during the 60-day truce period, but that the plan still needed the approval of President Donald Trump. “Traders are on a hair trigger with the back-and-forth on deal

The terrace area of Delta’s first-class lounge at John F. Kennedy International Airport in New York. The markets are “telling you what they think about the durability and the differentiation of the Delta experience,” says Delta chief executive Ed Bastian. (Vincent Alban/The New York Times) By NIRAJ CHOKSHI The airline business is in turmoil. Spirit Airlines abruptly shut down this month. Jet fuel prices have risen around 50% because of the war with Iran. And some industry exe

The benchmark Standard & Poor’s 500 index will end ⁠2026 ⁠slightly higher than its current record levels, according to ⁠a Reuters poll of stock market forecasters, who pointed to risks from higher energy prices and inflation if the ​Middle East war drags on. The index will finish 2026 at 7,620, or 1.3% above its Tuesday close of 7,519.12, according to the median estimate of 47 market strategists, analysts ‌and portfolio managers polled from May 15 to ‌26. They forecast that t