{
    "success": true,
    "data": {
        "id": 1767496,
        "msgid": "wall-street-celebrates-new-records-as-dow-jones-slips-in-mixed-trading-1779901909",
        "date": "2026-05-27 05:44:39",
        "title": "Wall Street Celebrates New Records as Dow Jones Slips in Mixed Trading",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "US stock markets saw mixed performance as the S&P 500 and Nasdaq hit record highs driven by technology sector optimism over potential US-Iran ceasefire talks, while the Dow Jones Industrial Average declined. Micron Technology's shares surged 19% to surpass a $1 trillion market cap amid strong AI-related demand, though analysts warn of underlying economic fragility despite market optimism.",
        "content": "<p>US stock markets on Wall Street celebrated new highs during Tuesday\u2019s\ntrading session, which was Wednesday early morning in Indonesian time\n(27 May 2026). The S&amp;P 500 and Nasdaq Composite indexes surged to\nnew intraday records on Tuesday, led by the technology sector. The rally\nwas driven by market optimism over the prospects of a US-Iran ceasefire\ndeal. The S&amp;P 500 rose 0.61% to close at 7,519.12, while the\ntechnology-heavy Nasdaq Composite climbed 1.19% to 26,656.18, both\nclosing at record levels. However, the Dow Jones Industrial Average\ndeclined by 118.02 points, or 0.23%, to 50,461.68. Micron Technology\nshares jumped 19%, surpassing a $1 trillion market capitalisation amid\nWall Street analyst optimism. Other memory chip stocks, including\nSeagate Technology and Western Digital, rose 4% and 8% respectively. The\nRoundhill Memory (DRAM) ETF also climbed over 14% to a new high. US\nPresident Donald Trump stated on Monday that talks with Iran to end the\nconflict were progressing well. However, he warned that the US could\ntake offensive action if negotiations fail. Additionally, the US said it\nconducted defensive strikes in southern Iran early Tuesday morning. US\nCentral Command spokesperson Tim Hawkins stated that targets included\nmissile launch sites and Iranian vessels attempting to lay mines. US\ncrude oil prices pared losses following the strikes. July WTI contracts\nfell 2.81% to close at US$93.89 per barrel, while Brent crude rose 3.58%\nto settle at US$99.58 per barrel. \u2018Investors are too optimistic that the\nconflict will end soon and everything will return to pre-war normalcy,\u2019\nsaid LNW\u2019s Chief Investment Officer Ron Albahary to CNBC International.\nAccording to Albahary, there is a tug-of-war in the market. Investors\nremain confident in a surge of capital expenditure (capex) driving\nmarkets higher, even as the US economic foundation remains fragile with\ninflation potentially becoming systemic. Micron\u2019s Stock Surge Micron\nsurpassed a $1 trillion market valuation for the first time on Tuesday\nafter its shares surged 19%, driven by massive demand for its memory\nchips from artificial intelligence (AI) applications. The rally followed\nUBS raising its price target for Micron shares by nearly threefold to\n$1,625 from $535, citing opportunities for long-term contracts with\nfixed-price schemes. \u2018We believe the market will begin to assign a more\n\u2019normal\u2019 valuation to this stock and MU will continue to see higher\nre-ratings as AI-driven structural changes in the memory industry become\nclearer,\u2019 UBS wrote. The new price target suggests Micron shares could\nmore than double from last Friday\u2019s closing level. Micron is part of a\nnew wave of chipmakers benefiting from the next phase of AI competition.\nInvestors are now flocking to stocks related to central processing units\n(CPUs) and memory required to run and process AI agent workloads, an\narena previously dominated by Nvidia. Explosive AI demand has triggered\nglobal memory shortages that chipmakers like Micron struggle to meet.\nThis has allowed Micron and its competitors, SK Hynix and Samsung, to\nraise product prices. Micron\u2019s shares have already surged more than\nthreefold since the start of the year. A few weeks ago, Micron surpassed\na $700 billion market valuation and entered the ranks of America\u2019s most\nvaluable tech companies. Intel, which lagged behind in the initial AI\nrally, has now surged more than sixfold and is trading near all-time\nhighs. The US chipmaker is undergoing a major transformation following\nsignificant government investment last summer.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/wall-street-celebrates-new-records-as-dow-jones-slips-in-mixed-trading-1779901909",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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