May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.
May 28, 2026 11:35 ETAfter reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than expected in the month of April. The Commerce Department said new home sales plunged by 6.2 percent to an annual rate of 622,000 in April after surging by 3.4 percent to a revised rate of 663,000 in March.
May 28, 2026 16:12 ETStocks moved to the downside in early trading on Thursday but showed a significant turnaround over the course of the session. The major averages climbed well off their lows of the session and into positive territory, with the tech-heavy Nasdaq leading the rebound. The major averages once again finished the day at new record closing highs.
May 28, 2026 14:30 ETCrude oil futures skyrocketed overnight but have shown a significant pullback over the course of the trading day on Thursday. After surging as much as $3.84 or 4.3 percent to a high of $92.52 a barrel, crude for July delivery was seen trading up by $0.32 or 0.4 percent at $89 a barrel. The pullback...
May 28, 2026 09:55 ETIn tandem with the negative sentiment in global markets triggered by the latest escalation in tensions between the U.S. and Iran, cryptocurrencies are trading on a heavily negative note.