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Here's your closing bell brief for Tuesday, May 26th. I'm Alexis Green for the Wall Street Journal.

U.S. stocks traded higher today after the long holiday weekend, propelled by a rally in chip and memory stocks. The NASDAQ led the gains, finishing 1.2% up, while the S&P advanced 0.6%.

The Dow ended 0.2% down.

The moves were driven by Micron, which soared about 20% and traded above a $1 trillion market

cap for the first time ever.

The tech stock is on pace to surpass Walmart as the country's 11th largest company.

Oil prices, meanwhile, were volatile after the U.S. conducted a fresh round of strikes in Iran after mixed signals over the weekend

about a potential deal. Recent pressures on oil prices have sent U.S. Treasury yields lower,

but that hasn't shifted investor expectations around a possible rate hike by the end of this year.

Among individual companies, Ferrari shares slumped about 5% today

after the carmaker unveiled its first ever electric vehicle, priced at $640,000,

while shares of Dell technology rose 3.4%.

Analysts expect an earnings beat when the company reports results on Thursday.

Eli Lilly edged 0.02% lower. The drug maker announced deals to acquire three vaccine developers

in transactions valued at up to nearly $4 billion combined. AutoZone stock dropped nearly 9%. The auto parts

retailer said cool weather had slowed its fiscal third quarter sales momentum.

And Acklo jumped more than 4% today after the advanced nuclear tech company said it was selected by the Department of Energy for negotiations to use surplus plutonium as fuel for its reactors.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries

that were based on WSJ reporting and then reviewed and adapted by an editor.

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