Wall Street Set to Rise as US-Iran Talks Lift Sentiment, Dow Tops 50,000

15 articles · Updated · Detroit News · May 22

Dow futures rose 287 points before Friday's open after the blue-chip index closed at a record high above 50,000, with investors watching for progress in US-Iran talks to end the nearly three-month war.
Peace hopes, resilient earnings and AI-driven optimism kept risk appetite intact even after this week's oil-price spike rattled markets; the S&P 500 is now on track for an eighth straight weekly gain.
Treasury yields eased, with the 10-year note slipping to a one-week low of 4.54%, helping support equities ahead of Kevin Warsh's swearing-in as Federal Reserve leader later Friday.
Workday jumped 7.8%, Estée Lauder surged 11% and chip stocks including AMD, Marvell and Broadcom advanced in premarket trading, extending the broad rally beyond the major indexes.
UBS raised its 2026 year-end S&P 500 target to 7,900 from 7,500, underscoring how investors are looking past war-driven volatility toward consumer resilience and data-center demand.

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