News Bulletin
Monday, May 11, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Monday, May 11, 2026
10:00	Existing Home Sales (Apr)	4.02M	4.05M	4.01M
10:00	Existing Home Sales (MoM) (Apr)	0.20%		-2.90%
13:00	3-Year Note Auction	3.97%		3.90%

Indices

	CLOSE	50 DMA	200 DMA
DJIA	49,704.47	47,888.38	47,356.29
NASDAQ	26,274.13	23,274.72	22,852.96
S&P 500	7,412.84	6,867.87	6,759.60

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
Constellation Energy CEG:US	2.74	2.57	11.12B	9.89B	$92.89B	PM
Simon Property SPG:US		1.43		1.48B	$65.56B	PM
EchoStar SATS:US	-0.51	-0.47	3.67B	3.66B	$35.57B	AM
Steris STE:US		2.86		1.59B	$20.02B	PM
Fox FOX:US	1.32	1	3.99B	3.78B	$13.85B	AM
AECOM ACM:US		1.57		1.85B	$10.52B	PM
Chart Industries GTLS:US		2.47		1.12B	$8.78B	AM
Halozyme Therapeutics HALO:US		1.76		375.77M	$8.31B	PM
Mosaic MOS:US	0.05	0.26	3B	2.91B	$7.04B	PM
Terreno Realty TRNO:US	0.66	0.34	124.44M	122.79M	$5.83B	AM
MARA Holdings MARA:US		-1.4		181.86M	$3.74B	PM
Tegna TGNA:US		0.55		711.53M	$3.53B	AM
HUB HUBG:US		0.39		885.76M	$2.66B	PM
Plug Power PLUG:US		-0.1		149.01M	$2.42B	PM
United Parks SEAS:US	-0.69	-0.32	278.3M	282.13M	$2.38B	AM
Helios Technologies SNHY:US		0.69		220.08M	$2.27B	PM
Veris Residential CLI:US				67.94M	$1.76B	PM
Harmonic HLIT:US		0.1		140.74M	$1.43B	PM
Sally Beauty SBH:US	0.44	0.41	903M	898.48M	$1.32B	AM
Kosmos Energy KOS:LN		-0.008		357.48M	$591.76M

Market News:

Wall Street ended slightly higher on Monday, helped by chip stocks. However, moves remained small after a fresh diplomatic setback between Washington and Tehran.

Investors were also cautious as they geared up for U.S. inflation data later this week that could show a big impact from surging oil prices due to the war. The April consumer price index (CPI) and producer price index (PPI) reports are scheduled for Tuesday and Wednesday, respectively.

The benchmark S&P 500 index added 0.2% to close at 7,412.49 points, settling above the 7,400 level for the first time ever. The tech-heavy NASDAQ Composite climbed 0.4% to finish at 26,274.13 points, a record high. The blue-chip Dow Jones Industrial Average ticked up 0.2% to conclude at 49,704.34 points.

"Markets continue to look past negative headlines, for now, as investors assume some form of a U.S.–Iran deal ultimately gets done. At the same time, leadership remains narrow, with technology and tech‑adjacent areas, particularly semiconductors, doing most of the heavy lifting," Keith Lerner, chief investment officer and chief market strategist at Truist

Iran’s state media said Tehran had formally responded to a U.S. plan to end their more than two-month old conflict. The response called for an end to fighting on all fronts, recognition of Iran’s sovereignty over the critical Strait of Hormuz, and U.S. compensation for war damages.

President Donald Trump weighed in on Iran’s response within hours, writing on social media: "I don’t like it — TOTALLY UNACCEPTABLE."

"The plan is they cannot have a nuclear weapon, and they didn’t say that," Trump told reporters on Monday, adding that the proposal was "stupid."

Trump claimed that two days ago Iran had agreed to end nuclear enrichment and had requested the U.S. to take out its nuclear material, which Trump refers to as "nuclear dust." But the president said Iran changed its mind and did not include anything about nuclear activities in the proposal it sent.

Trump also said that an ongoing ceasefire between the U.S. and Iran was "unbelievably weak" and was on "massive life support."

The Wall Street Journal earlier reported that an Iranian spokesperson had waved away Trump’s rejection, declaring that Tehran was not seeking to secure the "satisfaction of others" and was concerned mainly with "national interests and legitimate rights."

Aside from Iran’s nuclear program, another major sticking point between the U.S. and Iran revolves around control over the Strait of Hormuz. The vital waterway for a fifth of the world’s oil and gas has been effectively shuttered since the end of February, leading to the biggest supply disruption in history.

An unverified headline on Monday also said that Iran had deployed deep roaming submarines in the strait, citing the Tasnim News Agency.

Trump told Fox News that he was considering restarting a U.S. effort called "Project Freedom" to safely help commercial ships transit the strait. The chokepoint has been blockaded by both the U.S. and Iran.

Oil prices ticked up after the latest diplomatic setback, with Brent crude futures expiring in July, the global oil benchmark, last up 3% to $104.28 a barrel. U.S. West Texas Intermediate crude futures expiring in June gained 3% as well to $98.30 a barrel.

Eyes will also be on Trump’s trip to China this week, after the Chinese Embassy in the U.S. confirmed that the president would be traveling to the Asian nation at the invitation of leader Xi Jinping from Wednesday to Friday. China has reportedly continued to buy Iranian oil during the ongoing conflict, while also providing diplomatic support, irking the U.S.

Trump said he would be discussing the war with the Asian nation’s president, adding that he would "like to see it get done."

Focus on U.S. inflation data

Away from the Middle East, traders were also gearing up for key U.S. inflation data.

Spiking oil prices due to the Iran war have led to soaring gasoline prices at U.S. pumps, while boosting headline CPI and PPI in March. Core prices, which strip away food and energy, have not seen much of an impact yet.

"The price of one- and two-year inflation swaps implies that investors are underpricing the risk of a second round of price increases linked to the supply shock that is working its way through the economy," Joseph Brusuelas, principal & chief economist at RSM US, said.

"With April’s consumer price index set to be released on Tuesday, one-year swaps were trading at 3.25% and two-year swaps at 2.93% on Friday—a level that we think is not fully pricing in the current geopolitical, economic and financial risks," he said.

"In our view, the buffers that have cushioned the global supply shock will be exhausted over the next three to four months," Brusuelas added.

The Federal Reserve and watchers of monetary policy will be paying close attention to the inflation data, especially after a solid April jobs report last week indicated that the labor market was not much of an issue right now.

Wall Street at record levels

Despite the lack of a resolution to the Middle East conflict, U.S. stocks have marched to record highs on the back of a six-week win streak, its longest such run since mid-October 2024. The rally has been led by a strong earnings season, a resurgence in the artificial intelligence trade, and hopes of a swift end to the war.

"The stock market’s rally is a classic capitulation-to-FOMO dynamic, where money that was quickly removed from markets over Iran fears and spiking oil is racing back in, pushing the S&P 500 to fresh record highs. The best part is that fundamentals are backing up this leg higher with stronger-than-expected earnings, big tech leadership, strong labor market data, and markets pricing in resolution, not crisis," Robert Edwards, chief investment officer at Edwards Asset Management, said.

"Our 2026 year-end target remains 7,700. The economy keeps surprising to the upside, a hot IPO calendar is coming, and nearly $8 trillion in money-market cash is poised to fuel higher highs. The path of least resistance is up, and I’d rather be explaining why I stayed invested than why I sat out," he said.

"It’s important for investors to stay invested and add to quality names on any pullbacks. Sitting on the sidelines while the S&P climbs toward 7,700 is a painful regret. Too much cash is on the sidelines, rates are heading lower, and a record IPO cycle is coming - the setup is too good to miss," Edwards added.

Alibaba, Cisco earnings this week

Turning to the earnings season, Chinese e-commerce giant Alibaba, Dow 30 component Cisco, and semiconductor equipment maker Applied Materials will be highlighting this week’s slate.

Chip stocks gained on Monday, lifting the broader market. The move was led by Qualcomm and Micron Technology.

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