Tech Stocks Rally and Global Markets Surge as US-Iran Ceasefire Extension Lifts Nvidia, Wipro, and Infosys

Key Points

Geopolitical Breakthrough: A tentative 60-day US-Iran ceasefire extension and a deal to reopen the critical Strait of Hormuz shipping route have sparked global market optimism.
Tech Sector Dominance: Major technology giants like Nvidia continue to power Wall Street to record highs, while Indian IT giants Wipro and Infosys opened sharply higher on Friday.
Energy Costs Ease: Global crude oil prices dropped significantly following the peace headlines, with Brent falling toward $93 per barrel, easing inflation fears.
Extended Trading Milestone: The SEC officially approved Cboe Global Markets to offer extended trading hours for select high-demand single-stock options starting in July.

Global stock markets are experiencing a massive wave of relief today as massive geopolitical developments directly reshape investor sentiment across the world.

In early trading on Friday, May 29, 2026, international stock indices pushed significantly higher following breakthrough news that the United States and Iran have reached a preliminary agreement to extend their ceasefire by 60 days and lift restrictive shipping blocks through the vital Strait of Hormuz.

This peace progression has triggered an immediate relief rally, with India's Sensex rising over 180 points and the Nifty 50 advancing steadily, driven by a massive surge in heavyweight IT stocks like Wipro (up 3.56%) and Infosys (up 3.46%).

This global market bounce follows a highly dramatic session on Wall Street on Thursday, May 28, 2026, where both the S&P 500 and Nasdaq Composite initially blasted to fresh, all-time record highs on the very first whispers of the memorandum of understanding.

The easing of Middle East tensions has fundamentally altered the commodity space, causing Brent crude oil futures to slide down 0.5% to $93.2 per barrel and West Texas Intermediate (WTI) to slip to $88.2 per barrel, which successfully cools down global inflation anxiety and relieves intense pressure on international currencies.

Underneath this macroeconomic relief, the relentless Artificial Intelligence (AI) boom continues to firmly dictate Wall Street's momentum, with Nvidia betting even heavier on Taiwan as the "epicenter" of AI infrastructure, while Goldman Sachs reports that a staggering 85% of the S&P 500's total 10% gains in 2026 have been entirely generated by the tech sector alone.

Analysts from Bank of America are openly monitoring this extreme market concentration, warning that the highly anticipated, upcoming IPOs of SpaceX, OpenAI, and Anthropic could trigger historic levels of Wall Street valuation concentration.

Adding to the market's structural excitement, Cboe Global Markets (CBOE) officially received SEC approval on May 28 to launch extended pre-market and post-market trading hours for select, elite single-stock options—including the famous "Magnificent 7" names like Nvidia, Tesla, and Apple, alongside retail favorites like Palantir, Broadcom, and AMD—allowing global investors to trade major market catalysts outside of traditional US operating hours starting July 13, 2026.

While safe-haven assets are pulling back, causing 24-karat gold prices in India to drop by ₹650 per 10 grams, corporate leaders are moving forward with aggressive spending; despite a dip in the Conference Board's Q2 US CEO Confidence index to 47 due to broader supply chain risks, over 37% of chief executives plan to increase capital outlays, ensuring that tech infrastructure investment remains robust even as the broader economy navigates sticky inflation and a steady "low-hire, low-fire" employment landscape.

Key Points Summary

The US-Iran ceasefire proposal cooled crude oil prices, which directly boosted international equity markets.
Wipro and Infosys led an aggressive IT stock rally in Asian markets on Friday morning.
Technology remains the primary driver of 2026 market returns, accounting for 85% of S&P 500 gains.
Cboe Global Markets secured historic SEC approval to trade single-stock options during extended global hours.

Frequently Asked Question (FAQ)

Q1: Why did the US-Iran ceasefire deal cause stock markets to go up?

A: The deal reopens the Strait of Hormuz, a critical shipping lane for global oil. Clearer shipping means less chance of oil supply disruptions, lowering energy prices. Lower energy costs reduce inflation and give businesses more room to grow, which makes stocks more attractive to investors.

Q2: What are the new extended options trading hours approved by the SEC?

A: The SEC approved Cboe Global Markets to offer pre-market (starting at 7:30 a.m. ET) and post-market trading for select high-volume stock options like Nvidia, Apple, and Tesla. This allows international investors to react to news instantly without waiting for the official Wall Street opening bell.

Q3: Is the stock market heavily reliant on just a few tech stocks right now?

A: Yes. Financial reports show that 85% of the S&P 500’s growth so far in 2026 is driven strictly by technology companies. Major upcoming tech IPOs like OpenAI and SpaceX are expected to continue this trend.

Sources

HDFC Sky News (May 29, 2026): Sensex Rises 180 Points as US-Iran Deal Boosts Markets - https://hdfcsky.com/news/bse-nse-sensex-may-29-2026-open-report-sensex-up-180-points-it-stocks-lead-as-us-iran-ceasefire-extension-deal-lifts-sentiment
Cboe Global Markets Investor Relations (May 28, 2026): Cboe Receives SEC Approval to Offer Extended Trading Hours for Select Multi-Listed Single Stock Options - https://ir.cboe.com/news/news-details/2026/Cboe-Receives-SEC-Approval-to-Offer-Extended-Trading-Hours-for-Select-Multi-Listed-Single-Stock-Options/default.aspx
StoneX Financial Market Commentary (May 28, 2026): Mid-Day Commentary for May 28: S&P and Nasdaq Hit Record Highs on Peace Proposals - https://www.stonex.com/en/insights/perspective-mid-day-commentary-for-may-28-2026-05-28/
Commonwealth Magazine / El País Financial (May 28, 2026): AI IPO Frenzy Could Push Wall Street Into Bubble Territory; Tech Drives 85% of S&P 500 Gains - https://english.cw.com.tw/article/article.action?id=4801

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