Alan Long

TradingKey - Premarket on Friday, May 29, the three major U.S. stock index futures rose slightly as markets continued to digest U.S. April PCE inflation data, progress in U.S.-Iran ceasefire negotiations, and the AI hardware rally triggered by Dell’s earnings report. As of press time, Dow Jones Industrial Average futures rose 0.31%, S&P 500 futures rose 0.16%, and Nasdaq 100 futures rose 0.13%.

TradingKey - On May 28, Eastern Time, Snowflake (SNOW) shares surged nearly 40% intraday, closing with a 36% gain. The rally was driven by its latest financial results exceeding market expectations and the announcement of a five-year, approximately $6 billion cloud and AI infrastructure partnership with Amazon's (AMZN) AWS.

TradingKey - U.S. April PCE data indicates that inflationary pressures remain sticky; although the core monthly rate was lower than expected, it is unlikely to shift the Federal Reserve's cautious stance.

TradingKey - On May 28, Eastern Time, Dell Technologies (DELL) shares rose over 4% pre-market following reports that the Pentagon awarded the company a five-year software contract valued at approximately $9.7 billion. This positive development comes just as Dell is set to release its fiscal year 2027 first-quarter earnings report, further intensifying market focus on its growth prospects across AI servers, enterprise IT demand, and government business.

TradingKey - On Thursday ET, the three major US stock index futures declined broadly, with Nasdaq futures leading the losses. As of press time, Dow futures fell 0.16%, Nasdaq 100 index futures dropped 0.38%, and S&P 500 index futures were down 0.20%. Renewed tensions between the US and Iran pushed o

TradingKey - During the Asian trading session on May 28, the gold price (XAUUSD) continued its downward trend, breaking below the $4,400 mark intraday to hit a low of $4,366.29. Having fallen nearly $200 over three consecutive trading days, technical analysis indicates that prices have reached a key support level near $4,360, suggesting the downward momentum may be nearing an end.

TradingKey - Marvell Technology (MRVL) rose more than 5% in pre-market trading on May 27, ET. Market sentiment strengthened as investors bet that demand for AI data centers and high-speed interconnects will continue to drive the company's earnings growth.

TradingKey - U.S. stock index futures rose across the board in pre-market trading on Wednesday ET. The market extended the momentum from the previous session led by AI chip stocks, as investors bet that potential U.S.-Iran negotiations could ease geopolitical risks. Meanwhile, falling oil prices and declining U.S. Treasury yields also supported sentiment for risk assets. As of press time, Dow futures were up 0.1%, Nasdaq 100 index futures rose 0.67%, and S&P 500 index futures gained 0.23%.

TradingKey — Pinduoduo (PDD) will release its first-quarter 2026 financial results before the U.S. market opens on May 27 ET, and will hold an earnings conference call at 7:30 AM ET that same day.

TradingKey - On May 26, Eli Lilly (LLY) announced the acquisition of three vaccine R&D companies—Curevo, LimmaTech Biologics, and Vaccine Company—for a total transaction value of up to nearly $4 billion. Specifically, Eli Lilly will pay up to $1.5 billion in cash for Curevo, up to $780 million for LimmaTech, and up to $1.55 billion for Vaccine Company.

TradingKey - On Tuesday, Eastern Time, the three major U.S. stock index futures rose across the board in pre-market trading. U.S. markets resumed trading following the Memorial Day holiday as investors bet on progress in U.S.-Iran negotiations and easing oil price pressures, while strength in AI chip stocks bolstered the technology sector. As of press time, Dow Jones futures were up 0.61%, S&P 500 futures rose 0.69%, and Nasdaq 100 futures gained 1.06%.

Tradingkey - On May 26, major Asia-Pacific stock markets showed divergent performance. China's A-shares opened lower and underwent volatile consolidation, with a late-session recovery pushing the Shenzhen Component Index and the ChiNext Index into positive territory. Japanese stocks edged down slightly after hitting record highs in the previous trading session. South Korean stocks saw a strong catch-up rally upon reopening after the holiday, hitting new record highs once again and becoming the top performer in the Asia-Pacific region today.

TradingKey - During the Asian session on May 26, gold prices (XAUUSD) weakened under pressure after briefly touching the $4580 resistance level. Prices have maintained a weak intraday trend and may enter a new round of decline.

TradingKey - On May 25 ET, Bitcoin (BTCUSD) fluctuated near $77,000, showing signs of stabilizing after two consecutive weeks of correction. Despite recent sustained outflows from Bitcoin ETFs, Bitcoin prices may be poised for a rally as macro risk appetite recovers.

TradingKey - On May 25, major Asia-Pacific markets were generally strong, with China’s A-shares and Japanese equities outperforming. The South Korean market was closed for the Buddha's Birthday holiday. Today's market activity focused on two main themes: first, positive signals from US-Iran negotiations eased investor concerns over energy prices and the escalation of geopolitical conflicts; second, technology growth sectors such as AI, semiconductors, and memory chips attracted significant capital inflows.

TradingKey - Dell Technologies (DELL) will report its first quarter fiscal year 2027 results after the U.S. market close on May 28. Investors should focus on whether demand for Dell's AI servers can continue to exceed expectations and if AI server profit margins can improve.

TradingKey - On May 22 (ET), silver (XAGUSD) retreated during Friday's European session following two consecutive days of gains, trading near $76.00. The price was primarily pressured by a hawkish shift in Federal Reserve policy expectations. As a non-yielding asset, silver is highly sensitive to the interest rate environment. When market expectations suggest the Fed may maintain high interest rates for a longer period—or even reconsider rate hikes amid recurring inflationary pressures—the opportunity cost of holding silver rises, subsequently reducing its investment attractiveness.

TradingKey - Ethereum's recent performance has exhibited a weak and volatile trend. Despite briefly surging to near $2,400 at the beginning of the month, it pulled back under pressure last week. As of press time, the cumulative decline for the month exceeds 5%, indicating that market sentiment remains predominantly bearish.

TradingKey - On May 22 (ET), the U.S. will release the University of Michigan Consumer Sentiment Index for May. Market expectations currently project the index to remain at 48.2, unchanged from the preliminary reading. While the indicator reflects consumer sentiment regarding the economy, income, and purchasing conditions, investors in the current market environment are focusing more on the 1-year and 5-year inflation expectations, as these will directly influence Fed policy expectations, U.S. Treasury yields, and the performance of the U.S. Dollar and gold.

TradingKey - On May 21, Eastern Time, the U.S. government's plan to provide approximately $2 billion in funding to nine quantum computing companies through equity investments became a focal point for the technology sector this week. Driven by this news, IBM shares surged 12.43% on Thursday, marking a significant single-day gain. Other quantum-related stocks, including D-Wave (QBTS), Rigetti (RGTI), and GlobalFoundries (GFS), also strengthened, signaling a market re-evaluation of quantum computing’s transition from a long-term scientific concept to a strategic industrial asset.