{"id":10391,"date":"2026-05-29T13:31:27","date_gmt":"2026-05-29T13:31:27","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=10391"},"modified":"2026-05-29T13:31:27","modified_gmt":"2026-05-29T13:31:27","slug":"wall-street-inches-higher-while-oil-prices-fall-on-optimism-over-talks-of-iran-ceasefire-extension","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=10391","title":{"rendered":"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension"},"content":{"rendered":"
\n

By CHAN HO-HIM and MATT OTT, AP Business Writers<\/strong><\/p>\n

Oil prices fell and markets inched higher before the opening bell Friday, adding to records a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran.<\/p>\n

Read more Cameras on express lanes and toll roads don\u2019t look for expired registration tags<\/a><\/p>\n

Futures for the S&P 500 ticked up 0.1% a day after hitting another record, while futures for the Dow Jones Industrial Average rose 0.3%. Futures for the Nasdaq, which also hit an all-time high Thursday, were effectively flat.<\/p>\n

Dell Technologies soared 33% overnight after the computer and IT giant obliterated Wall Street\u2019s first-quarter sales and profit forecasts. Dell posted sales of nearly $44 billion in the period \u2014 about $8 billion more than analysts were expecting \u2014 and also raised its guidance for the full year.<\/p>\n

The Pentagon also announced Thursday that it has awarded Dell with a five-year, $9.7 billion contract to streamline its use of Microsoft products and services.<\/p>\n

In the retail sector, Gap tumbled 15% after it nudged past first quarter profit targets but cut its full-year sales guidance.<\/p>\n

On Thursday, negotiators from the U.S. and Iran reached a tentative deal on extending their ceasefire by 60 days and holding a new round of talks on Iran\u2019s nuclear program, a U.S. official said. Iran had not yet publicly confirmed the deal and the tentative agreement was still pending U.S. President Donald Trump\u2019s sign off.<\/p>\n

Oil prices fell Friday with Brent crude, the international standard, slipping $1.26 to $91.44 a barrel. It was trading around $70 per barrel in late February before the war began. Benchmark U.S. crude fell $1.03 to $87.87 per barrel.<\/p>\n

\n<\/div>\n

Investors are closely watching for a reopening of the Strait of Hormuz. The U.S. official said the tentative accord makes it clear that Iran wouldn\u2019t be able to impose tolls on ships transiting the strait, while the U.S. would gradually lift its sea blockade on Iranian ports.<\/p>\n

\u201cThe oil market continues to edge lower amid growing optimism that the U.S. and Iran are moving toward a deal,\u201d ING commodities strategists Warren Patterson and Ewa Manthey wrote Friday. \u201cA reopening of the strait would offer some immediate relief to the oil market with tankers leaving the Persian Gulf. However, the recovery is still uncertain.\u201d<\/p>\n

Read more Crews recover the remains of 6 of the 9 workers missing after Washington chemical tank rupture<\/a><\/p>\n

Shipowners may be reluctant to send vessels into the Persian Gulf, at least initially, over fears that the ceasefire could fail, they wrote. Also a recovery in oil and gas production would likely also be gradual rather than immediate.<\/p>\n

Markets in Japan and South Korea hit fresh records as world shares mostly advanced Friday on expectations the U.S. and Iran will agree to extend the ceasefire in their war by 60 days.<\/p>\n

\n<\/div>\n

Oil prices slipped, but remain above pre-war levels as the Strait of Hormuz remains largely closed. Analysts warned that the potential ceasefire extension should be viewed with caution, as it will take time for oil supplies to recover.<\/p>\n

In early European trading, Britain\u2019s FTSE 100 rose 0.2%, Germany\u2019s DAX lost 0.1% and France\u2019s CAC 40 added 0.6%.<\/p>\n

In Asia, Tokyo\u2019s Nikkei 225 jumped 2.5% and ended at a record high close of 66,329.50, as data released Friday showed that Tokyo\u2019s core inflation rate for May rose more slowly than economists expected.<\/p>\n

South Korea\u2019s Kospi surged 3.6% to 8,476.15, also at an all-time closing high, with technology companies powering the gains thanks to the global boom in artificial intelligence.<\/p>\n

Shares in Samsung Electronics, the country\u2019s leading company, rose 5.8%. SK Hynix, which has benefited greatly from the shift to AI, gained 1.9%.<\/p>\n

In Hong Kong, the Hang Seng added 0.7% to 25,182.39, while the Shanghai Composite index fell 0.7% to 4,068.57.<\/p>\n

Read more Kenya court suspends US plan for Ebola quarantine facility for Americans<\/a><\/p>\n

Australia\u2019s S&P\/ASX 200 was up 1.6% at 8,731.70.<\/p>\n

Taiwan\u2019s Taiex traded 2.5% higher. India\u2019s Sensex lost 0.5%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices are down and markets are inching higher before the opening bell, adding to records hit a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran.<\/p>\n","protected":false},"author":1,"featured_media":9450,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-10391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"\nWall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=10391\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension - Silicon Valley Moving Post\" \/>\n<meta property=\"og:description\" content=\"Oil prices are down and markets are inching higher before the opening bell, adding to records hit a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/siliconvalleymovingpost.com\/?p=10391\" \/>\n<meta property=\"og:site_name\" content=\"Silicon Valley Moving Post\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-29T13:31:27+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"headline\":\"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension\",\"datePublished\":\"2026-05-29T13:31:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391\"},\"wordCount\":670,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/3f6a888efc3f599ae62b858c9da8bd36.webp\",\"articleSection\":[\"Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources.\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391\",\"name\":\"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension - Silicon Valley Moving Post\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/3f6a888efc3f599ae62b858c9da8bd36.webp\",\"datePublished\":\"2026-05-29T13:31:27+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#primaryimage\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/3f6a888efc3f599ae62b858c9da8bd36.webp\",\"contentUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/3f6a888efc3f599ae62b858c9da8bd36.webp\",\"width\":1024,\"height\":682},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=10391#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\",\"name\":\"Silicon Valley Moving Post\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/siliconvalleymovingpost.com\"],\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension - Silicon Valley Moving Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/siliconvalleymovingpost.com\/?p=10391","og_locale":"en_US","og_type":"article","og_title":"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension - Silicon Valley Moving Post","og_description":"Oil prices are down and markets are inching higher before the opening bell, adding to records hit a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran.","og_url":"https:\/\/siliconvalleymovingpost.com\/?p=10391","og_site_name":"Silicon Valley Moving Post","article_published_time":"2026-05-29T13:31:27+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391#article","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391"},"author":{"name":"admin","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"headline":"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension","datePublished":"2026-05-29T13:31:27+00:00","mainEntityOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391"},"wordCount":670,"commentCount":0,"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/3f6a888efc3f599ae62b858c9da8bd36.webp","articleSection":["Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources.","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/siliconvalleymovingpost.com\/?p=10391#respond"]}]},{"@type":"WebPage","@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391","url":"https:\/\/siliconvalleymovingpost.com\/?p=10391","name":"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension - Silicon Valley Moving Post","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391#primaryimage"},"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/3f6a888efc3f599ae62b858c9da8bd36.webp","datePublished":"2026-05-29T13:31:27+00:00","author":{"@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"breadcrumb":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/siliconvalleymovingpost.com\/?p=10391"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391#primaryimage","url":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/3f6a888efc3f599ae62b858c9da8bd36.webp","contentUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/3f6a888efc3f599ae62b858c9da8bd36.webp","width":1024,"height":682},{"@type":"BreadcrumbList","@id":"https:\/\/siliconvalleymovingpost.com\/?p=10391#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/siliconvalleymovingpost.com\/"},{"@type":"ListItem","position":2,"name":"Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension"}]},{"@type":"WebSite","@id":"https:\/\/siliconvalleymovingpost.com\/#website","url":"https:\/\/siliconvalleymovingpost.com\/","name":"Silicon Valley Moving Post","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/siliconvalleymovingpost.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/siliconvalleymovingpost.com"],"url":"https:\/\/siliconvalleymovingpost.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/10391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10391"}],"version-history":[{"count":0,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/10391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/media\/9450"}],"wp:attachment":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}