{"id":62443,"date":"2026-05-28T06:07:22","date_gmt":"2026-05-28T10:07:22","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-crypto-under-pressure-as-markets-await-major-retail-and-ai-earnings\/62443\/"},"modified":"2026-05-28T06:07:22","modified_gmt":"2026-05-28T10:07:22","slug":"tech-and-crypto-under-pressure-as-markets-await-major-retail-and-ai-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-crypto-under-pressure-as-markets-await-major-retail-and-ai-earnings\/62443\/","title":{"rendered":"Tech and Crypto Under Pressure as Markets Await Major Retail and AI Earnings"},"content":{"rendered":"

As the trading session for Thursday, May 28th, 2026, begins to unfold, investors are navigating a complex landscape characterized by a slight retreat in major technology names and a significant correction in the cryptocurrency sector. Premarket<\/a> activity suggests a cautious start for the broader markets, with futures pointing toward a modest opening decline for the tech-heavy indexes while traditional sectors like energy and industrials show relative resilience.<\/p>\n

Major Index Performance and Futures<\/h2>\n

The major market indexes are showing signs of consolidation following recent volatility. The Invesco QQQ Trust, Series 1 (QQQ<\/a>), which tracks the Nasdaq 100, is leading the downward trend in the premarket<\/a>, falling 0.29%. This tech-led weakness is mirrored by the State Street SPDR S&P 500<\/a> ETF Trust (SPY<\/a>), which is down 0.12%, and the iShares Russell 2000 ETF (IWM<\/a>), which has slipped 0.24%. The State Street SPDR Dow Jones<\/a> Industrial Average ETF Trust (DIA<\/a>) remains the most stable, showing a marginal decline of only 0.04%.<\/p>\n

This cautious sentiment comes as market participants weigh the impact of high-interest rates on growth-oriented companies. While mega-cap leaders like Microsoft (MSFT<\/a>), Apple (AAPL<\/a>), and Google (GOOGL<\/a>) remain central to the narrative, the focus today has shifted toward specific earnings catalysts and sector rotations.<\/p>\n

Sector Trends: Energy Gains as Crypto and Semis Slide<\/h2>\n

A clear divide is emerging in sector performance this morning. Energy is the standout winner, with the State Street Energy Select Sector SPDR ETF (XLE<\/a>) rising 0.47% and the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP<\/a>) gaining 0.56%. This strength is supported by the United States Oil Fund, LP (USO<\/a>), which is up 1.01%.<\/p>\n

Conversely, the semiconductor space is facing headwinds, with the VanEck Semiconductor ETF (SMH<\/a>) dropping 1.02%. This decline is impacting sentiment for industry bellwethers like Nvidia (NVDA<\/a>), which continues to be the primary driver of the AI-led market rally. Additionally, the digital asset space is seeing significant selling pressure; the iShares Ethereum Trust ETF (ETHA<\/a>) has tumbled 2.97%, while the iShares Bitcoin Trust ETF (IBIT<\/a>) is down 2.03%.<\/p>\n

Premarket Movers and Corporate News<\/h2>\n

The most dramatic move in the premarket belongs to Snowflake Inc. (SNOW<\/a>), which has soared a staggering 38.5% to $240.77. The massive jump follows a positive reception to its latest developments in data cloud management. Agape ATP Corporation Common Stock (ATPC<\/a>) is also seeing explosive growth, up 75.8%.<\/p>\n

In the active trading category, Micron Technology, Inc. (MU<\/a>) is seeing heavy volume, though its price has dipped 1.6% to $931.31. Raymond James Financial, Inc. (RJF<\/a>) is bucking the trend with a 4.6% gain, while Axalta Coating Systems Ltd. (AXTA<\/a>) is up 1.4%. On the losing side, Hoth Therapeutics, Inc. Common Stock (HOTH<\/a>) has plunged 33.8% on exceptionally high volume.<\/p>\n

Upcoming Earnings and Economic Events<\/h2>\n

Today is a pivotal day for the retail and technology sectors. Before the opening bell, investors parsed results from several major retailers and international banks. Best Buy Company, Inc. (BBY<\/a>) and Dollar Tree Inc. (DLTR<\/a>) provided insights into consumer spending habits, while Canadian financial giants like Royal Bank of Canada (RY<\/a>) and Toronto Dominion Bank (TD<\/a>) reported their quarterly figures.<\/p>\n

However, the most anticipated reports will arrive after the market close. Costco Wholesale Corp (COST<\/a>) is set to release its Q3 results, with investors looking for continued strength in membership growth. Simultaneously, Dell Technologies Inc. (DELL<\/a>) will report, serving as a critical barometer for the ongoing demand for AI-optimized hardware. Other notable names reporting after the bell include MongoDB, Inc. Class A (MDB<\/a>), Okta, Inc. Class A Common Stock (OKTA<\/a>), and Autodesk Inc (ADSK<\/a>).<\/p>\n

As the market moves toward the midday session, all eyes remain on the Federal Reserve's potential commentary regarding inflation and the trajectory of the U.S. economy. While Tesla (TSLA<\/a>) and other EV makers like Li Auto Inc. (LI<\/a>) and XPeng Inc. (XPEV<\/a>) face their own specific challenges, the broader market remains tethered to the dual themes of AI innovation and macroeconomic stability.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the trading session for Thursday, May 28th, 2026, begins to unfold, investors are navigating a complex landscape characterized by […]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6824,94],"tags":[5001,4,248,633,1220,3710,3899,4223,4345,4380],"class_list":["post-62443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-market-update","tag-earnings-season","tag-tsla","tag-dell","tag-nvda","tag-cost","tag-federal-reserve","tag-snow","tag-inflation","tag-tech-stocks","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=62443"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=62443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=62443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=62443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}