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Oil prices drop and Nasdaq jumps 1.4% after Trump hints at Middle East peace deal; Micron stock soars 17%.

Market News
26 May 2026
Coindesk
View Source
Neutral
pluang ai news

Markets reacted positively to President Trump's announcement of a potential Middle East peace agreement, causing oil prices and bond yields to fall sharply. This decline helped boost stocks, with the Nasdaq rising 1.4% in early trading. Chip stocks led gains, particularly Micron, which surged 17% after UBS raised its price target significantly. Meanwhile, cryptocurrencies like Bitcoin and Ether saw slight declines as investors focused on AI-related stocks and upcoming major IPOs such as SpaceX and OpenAI.

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