About this episode

US equity markets retreated, breaking a five session stretch of record closing highs as oil prices and bond yields climbed.

US equity markets retreated, breaking a five session stretch of record closing highs for the three benchmark indices as oil prices and bond yields climbed. Dow was down 621 points or 1.2%. IBM down 7.2% to be the worst performer in the 30 stock index. Honeywell and Salesforce both fell 5.1%, while all of American Express, Boeing, Microsoft, and Nvidia fell over 3%. On the upside, Amgen and Walmart both gained over 3%. US Central Command, or CENTCOM, said that Iranian drones unsuccessfully attempted to attack American forces in Kuwait.

Topics covered

• US equity markets
• record closing highs
• oil prices
• bond yields
• stock performance
• Iranian drones
• military actions

Keywords

• US markets
• equity retreat
• stock performance
• oil prices
• bond yields
• Iranian drones
• Kuwait

Mentioned in this episode

Organizations: IBM, Honeywell, Salesforce, American Express, Boeing, Microsoft, Nvidia, Amgen, Walmart, US Central Command

Places: Kuwait

More episodes of Morgans AM

• Friday, 5 June 2026: US equity markets firmer amid yet another bout of optimism around a resolution to the US-Iran conflict · June 4, 2026 · 6 min
• Morgans AM Tuesday 2 June 2026 · June 1, 2026 · 7 min
• Friday, 29 May 2026: Markets UP as U.S. and Iran agreed to extend their ceasefire · May 28, 2026 · 5 min
• Wednesday, 27 May 2026: Tech Rally Powers Markets to New Highs Despite Global Uncertainty · May 26, 2026 · 7 min
• Monday, 25 May 2026: Markets Hit Record Highs as Merck Surges and Nvidia Slips · May 24, 2026 · 7 min
• Friday, 22 May 2026: Markets Advance to cap another strong week · May 21, 2026 · 5 min

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