Finance

Shares of Dell Technologies skyrocketed nearly 33% on Friday, marking its best single-day performance on record after the company surpassed quarterly earnings expectations and raised its annual guidance. This rally highlights a broadening interest in AI infrastructure, as other semiconductor and hardware firms like Micron and Qualcomm also posted significant monthly gains.

Crude oil prices retreated as markets reacted to news of a potential 60-day ceasefire extension between the U.S. and Iran. West Texas Intermediate futures fell 1.7% to settle near $87 per barrel, contributing to its largest monthly decline since early 2025 as investors hoped for an end to the regional conflict.

U.S. Treasury yields saw a slight decline on the final trading day of May, with the 10-year note ending at 4.44% and the 2-year note falling to 3.98%. Despite the daily dip, the 30-year yield reached a 19-year high earlier in the month as Federal Reserve officials warned that persistent inflation might necessitate further interest rate hikes.