MAY 28·bostonherald.com→
Oil prices climb, but US stocks hold near their records
Oil prices rose Thursday after earlier drops, with Brent up 2% to $96.13 following U.S. Central Command reports that Kuwait intercepted Iranian missiles. Despite the oil move, U.S. stocks stayed near record highs: S&P 500 -0.1%, Dow -0.4%, Nasdaq -0.2%. Gains were driven by profit beats (Dollar Tree +15%, Snowflake +33.3%, Hormel +8.1%).
MAY 28·benzinga.com▼
Snowflake, Salesforce And Marvell All Pushed AI Hard — Only One Stock Exploded Higher - Salesforce (NYSE:
Snowflake shares rose more than 35% premarket Thursday after the company reported accelerating growth, raised full-year guidance, and said AI is driving momentum in its core platform, according to management. Product revenue growth accelerated to 34% y/y, with CFO Brian Robbins citing AI “Cocoa” as the largest driver of the forecast increase. Salesforce fell about 3% and Marvell dropped over 2% premarket despite AI-focused messaging.