US Equity Markets closed at fresh highs last week, as energy prices dropped sharply on rising hopes for a deal in the Middle East and technology stocks roared higher. The S&P 500 rose 1.4% for the week and is now up 10.7% for the year. The Nasdaq increased 2.4% for the week to bring its gains for the year to 16.1%, while the Russell 2000 (small cap stocks) was up 1.8% for the week and is now up 17.6% for the year.
Global Equity Markets increased last week on the improved prospects on the re-opening of the Strait of Hormuz. Developed Markets were up 1.0% for the week and are now up 7.9% for the year. Emerging Markets surged 3.9% for the week to bring their gains for the year to 24.8%.
Oil Prices dropped last week, easing some inflation concerns and pushing rates lower. The price of oil fell 9.5% last week to $87.76/barrel, nearing its lowest levels since mid-April. As a result, the yield on the US 10-Year Treasury closed at 4.44% vs. 4.56% the prior week and its lowest level since early April.
Of Interest to Us
Number of US Data Centers is increasing rapidly. According to the USA Data Center Map, there are currently 4,313 data centers in operation across the US. There are over 1,500 that are currently under construction and over 1,000 that have been announced that are not yet under construction.
Market Data
for the week ending 5/29/2026
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