Finance

Technology stocks outperformed the broader market in late May, led by a 33% single-day surge in Dell Technologies following blowout earnings and raised guidance for AI server demand. This momentum contributed to the Nasdaq Composite finishing the month up approximately 8%, as investors prioritized companies central to AI hardware and software growth.

Markets received a boost from reports of a potential U.S.-Iran ceasefire agreement, which helped ease regional tensions and inflationary concerns. Brent crude prices pulled back to around $96-$97 per barrel by month-end, providing relief to energy-sensitive sectors even as domestic production forecasts for the year were revised upward.

The cryptocurrency market faced downward pressure in late May, with Bitcoin trading near $73,200 after experiencing heavy outflows from spot ETFs. While institutional interest remains a long-term catalyst, recent macroeconomic uncertainty and geopolitical tensions have led to tactical selling and a more cautious approach to digital asset allocations.