WTI Crude Oil Falls Below $90, Energy Sector Worst Performer
In spite of reports of continued operations by U.S. military in Iran and the absence of a concrete steps toward the end of the Strait of Hormuz standoff, markets are betting that a deal is drawing near. WTI Crude Oil closed below $90 a barrel for the first time in over a month and Energy was by far the worst performing sector on the S&P 500 on Wednesday. Among the winners, Consumer Cyclicals as well as Staples performed strongly - travel stocks cheered the lower energy prices while home improvement-related names saw some dip- buying as interest rates continued to track lower. The yield on a 10-year Treasury note at 4.48% - while still up about 50 basis points from the lows just before the Iran war, is now down 20 basis points from this month's peak near 4.7% - the highest since January of 2025.In the opening hour of the evening session, index futures are little changed. Among key earnings, Snowflake rallied over 35% to the highest levels of the year while Salesforce was down marginally despite better than expected Q1 results.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Snowflakeup 35.6%Phreesiaup 19.8%nCinoup 14.6%Agilentup 7.9%Nutanixup 4.1%Marvellup 1.0%ALSO HIGHER -Nebius Group N.V.up 12.2% as Situational Awareness discloses stakeDave Inc.up 4.2% after entering S&P smallcap 600 indexDOWN AFTER EARNINGS -Brazedown 9.5%Everpuredown 8.1%American Superconductordown 6.3%Synopsysdown 1.7%HP Inc.down 1.1%Salesforcedown 0.7%ALSO LOWER -
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- Accelerated Revenue Growth: Snowflake's Q1 revenue grew 33% year-over-year to $13.9 billion, up from 30% in the previous quarter, indicating strong performance in the cloud data warehousing market and likely driving further market share expansion.
- Customer Base Expansion: The company saw a 38% year-over-year increase in new customers, adding eight clients spending over $10 million annually, bringing the total to 64, demonstrating success in attracting high-value clients and enhancing future revenue sustainability.
- Improved Profitability: Adjusted earnings per share (EPS) surged 63% year-over-year to $0.39, reflecting successful cost control and operational efficiency improvements, which bolster investor confidence in its long-term growth potential.
- Optimistic Outlook: Snowflake raised its full-year product revenue forecast to $5.84 billion, representing 31% growth, and projected Q2 product revenue between $1.415 billion and $1.420 billion, showcasing confidence in future performance despite a valuation of 14 times forward price-to-sales.
- Accelerated Revenue Growth: Snowflake reported a 33% year-over-year revenue increase in Q1, reaching $13.9 billion, up from 30% in Q4 and 29% in Q3, indicating strong performance in the cloud data warehousing market and solidifying its competitive position in the AI sector.
- Customer Base Expansion: The company saw a 38% year-over-year increase in its customer base, adding eight customers spending over $10 million annually, bringing the total to 64, demonstrating the attractiveness of its products and sustained customer loyalty.
- Optimistic Outlook: Snowflake raised its full-year product revenue forecast to $5.84 billion, projecting 31% growth, an increase from the previous estimate of $5.66 billion and 27% growth, reflecting management's confidence in future performance.
- Improved Profitability: Adjusted earnings per share surged 63% year-over-year to $0.39, with a net revenue retention rate of 126%, indicating increased usage among existing customers and further enhancing the company's financial health.
- Market Performance: Last week, the S&P 500 and Nasdaq Composite rose over 1% and 2%, respectively, marking the S&P 500's ninth consecutive week of gains and the Nasdaq's eighth out of the last nine weeks, reflecting strong investor confidence in the market.
- Tech Stock Surge: Snowflake's quarterly earnings exceeded expectations and included a $6 billion AI compute deal with Amazon, leading to a more than 36% single-day stock price increase, which reignited enthusiasm across the tech sector and boosted stocks like Dell and Broadcom significantly.
- Cybersecurity Stock Volatility: Zscaler's disappointing earnings report resulted in its worst single-day performance, negatively impacting peers CrowdStrike and Palo Alto Networks; however, Okta's strong earnings report led to a 30% stock price jump, indicating ongoing demand in the cybersecurity sector.
- Middle East Situation's Market Impact: Despite mixed signals from the Middle East, rumors of peace progress between Iran and the U.S. spurred market gains, although the White House dismissed the reports, investor optimism still supported the stock market's upward trajectory.

- Significant Price Surge: Datadog's shares jumped 8% in the afternoon session, closing at $245.82, reflecting a 9.1% increase from the previous day, indicating strong market confidence in accelerating AI demand.
- Industry Impact: Snowflake's Q1 results led to a 36% stock increase on May 28, while Dell's earnings revealed a 757% year-over-year growth in AI server revenue, demonstrating that enterprises are deploying AI at scale, driving dual demand for both software and hardware.
- Supportive Market Environment: The 10-year Treasury yield fell to 4.45% following reports of a US-Iran truce extension, reducing the discount rate on long-duration growth stocks, providing additional market support for companies like Datadog.
- Attractive Investment Returns: Datadog's stock has risen 84% since the beginning of the year, reaching a new 52-week high, with investors who bought $1,000 worth of shares five years ago now seeing their investment grow to $2,678, showcasing its strong growth potential.
- Accelerated Revenue Growth: Snowflake's revenue growth has significantly accelerated, leading to a 7.02% increase in stock price on the afternoon of May 27, 2026, reflecting market optimism about its future performance.
- Positive Market Reaction: Investors are increasingly confident in Snowflake's accelerated growth, as the surge in stock price indicates the company's strengthening competitiveness in the cloud computing sector, potentially attracting more institutional investors.
- Strategic Implications: With rapid revenue growth, Snowflake is poised to further solidify its leadership position in the data cloud services market, enhancing market share and brand influence.
- Optimistic Future Outlook: The accelerated revenue growth not only boosts short-term stock performance but also lays the groundwork for sustained future growth, which may trigger further investment and innovation.
- Snowflake Stock Surge: On May 28, 2026, Snowflake's stock rose by 7.02%, indicating strong market confidence in its growth potential, which may attract more investor interest in its financial performance.
- Salesforce Updates: Salesforce was mentioned in the video, although specific stock price changes were not provided, its stable position in the market could influence its future business strategies and competitive edge.
- Updates on Nebius and Meta: The video also covered recent updates on Nebius and Meta, though lacking specific details, this indicates their ongoing development in the industry, which may impact related markets.
- Video Overview: Published on May 28, 2026, the video aims to provide the latest information on Snowflake, Salesforce, Nebius, and Meta, encouraging viewers to subscribe and check out special offers, reflecting the content creator's emphasis on audience engagement.










