U.S. Stocks Hit Record as Investors Cling to Hope of U.S.-Iran Deal

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1 • 671 Ratings

🗓️ 28 May 2026

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Snowflake stock surges as the cloud-software company reports strong earnings and strikes a $6 billion deal with Amazon. Plus: Shares of Hormel Foods, whose brands include Planters, Skippy and Spam, soar amid strong quarterly results. Alexis Green hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:32.9	Here's your closing bell brief for Thursday, May 28th. I'm Alexis Green for the Wall Street Journal.
0:38.5	All three stock indexes closed at record highs today on hopes that a U.S.-Iran deal may be in reach.
0:44.5	The NASDAQ gained 0.9%, the S&P 500 added 0.6%, while the Dow edged higher by less than 0.1%.
0:51.9	Oil prices had been rising today after another round of U.S. military strikes against Iran,
0:57.2	but they paired gains after reports of a potential agreement.
1:01.1	Among individual companies, Snowflake shares surged 36%
1:05.0	after the cloud software company raised its full-year outlook
1:08.1	and struck a $6 billion deal with Amazon to access its chips.
1:12.6	Amazon ended the day up nearly 1%.
1:14.8	Union Pacific shares sank more than 4% today after regulators paused their review of the railroad
1:20.9	company's blockbuster merger with Norfolk Southern.
1:24.5	Norfolk Southern dropped 5.5%.
1:26.7	Shares of Berkshire Hathaway, which owns a competing
	...

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