Late-Week Surge Lifts Stocks Despite Ongoing Oil Supply Concerns

Investors were somewhat skittish during the early part of last week as tensions in the Middle East intensified. However, stocks closed the week on an uptick following solid sessions last Thursday and Friday. After a brief retreat, tech shares led the market surge, supported by the New York market debut of a major South Korean chip manufacturer, which enjoyed the largest-ever U.S. market debut of a foreign firm. Several market sectors performed well, led by Energy and Information Technology. Consumer Discretionary, Industrials and Materials lagged. Crude oil prices posted weekly gains despite slipping last Friday as disruptions in the Strait of Hormuz kept supply concerns elevated.

May Trade Data Shows Widening Deficit but Improved Year‑to‑Date Position

The international trade in goods and services deficit rose 42.2% in May to $77.6 billion. Exports declined 3.2%, while imports increased 3.3%. Year to date, the goods and services deficit decreased $203.9 billion, or 40.6%, from the same period in 2025. Exports increased $164.7 billion, or 11.7%. Imports decreased $39.2 billion, or 2.1%.

Eye on the Week Ahead

Most of the attention this week will be focused on the latest inflation-related data with the releases of the Consumer Price Index and the Producer Price Index.