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20:14
Becerra Meets with Fed Chair, Expresses Confidence in Waller's Balancing of Inflation and Growth
On May 29, U.S. Treasury Secretary Becerra stated that he had breakfast with Federal Reserve Chair Kevin Waller on Thursday, and said, "I believe he will do the right thing to balance inflation and growth."
20:13
U.S. Stock Indices Close Higher, SaaS Sector Leads Gains
On May 29, U.S. stock indices closed higher across the board, with the Dow Jones Industrial Average up 0.05%, the S&P 500 up 0.58%, and the Nasdaq Composite up 0.91%. The SaaS sector led the gains, with Snowflake soaring over 36%, ServiceNow rising more than 6%, and Microsoft increasing over 3%. The quantum computing sector also saw gains, with D-Wave up over 7% and IBM up more than 3%. However, the optical communications sector experienced declines, with Lumentum and Corning both falling over 4%.
20:13
CBOE to Launch Extended Trading Hours for Select Single Stock Options
On May 29, the Chicago Board Options Exchange (CBOE) received approval from the U.S. Securities and Exchange Commission to initiate extended trading hours for select single stock options starting July 13, 2026. The initial rollout is expected to include approximately 20 highly liquid stocks, including all 'Big Seven' tech stocks. CBOE also announced plans to launch 23X5 U.S. stock trading on its EDGX stock exchange in December, aiming to expand access to all-weather trading. Eligibility requirements for the extended trading hours options include at least 150,000 contracts, a market capitalization of over $50 billion, and an average daily trading volume exceeding 10 million shares.
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