Finance

Dell Technologies shares surged nearly 33% after reporting first-quarter results that significantly exceeded market expectations, highlighting intense demand for AI-specific computing infrastructure. This performance triggered a broader risk-on rotation into the semiconductor sector, with companies like Micron and Qualcomm also posting substantial gains for the month.

The 30-year U.S. Treasury yield climbed to 5.2% in late May 2026, its highest level since 2007, reflecting investor anxieties regarding persistent inflation and government financing. These elevated borrowing costs are increasingly pressuring the federal budget and traditional bond portfolios, as the 10-year Treasury yield also maintained a high near 4.7%.

Crude oil prices declined at the end of May following reports of a preliminary 60-day ceasefire extension in the Middle East and efforts to clear shipping lanes in the Strait of Hormuz. Brent crude dropped to approximately $91 per barrel, contributing to its steepest monthly decline in several years and easing some immediate inflationary fears on Wall Street.