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Stock Market 28 May 2026

U.S. drone stocks jump with Trump Pentagon funding talks under way

U.S. drone stocks jump with Trump Pentagon funding talks under way

The Trump administration is in talks to fund U.S. drone companies including Unusual Machines and Neros, the Wall Street Journal reported, sending Unusual Machines shares up 39% premarket. Over $74 billion is proposed for drone and counter-drone tech in the Pentagon’s 2027 budget, triple last year’s amount. Talks involve debt and equity options but are not final. Reuters could not immediately verify the Journal’s report.
28 May 2026
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Ford Shares Reach 2022 Peak, and It’s Not Because of Cars

Ford Shares Reach 2022 Peak, and It’s Not Because of Cars

Ford shares closed at $15.88 Wednesday, their highest since August 2022, after jumping 3.7% as investors focused on its new energy-storage unit. Ford Energy signed a five-year deal with EDF for up to 20 GWh of stationary battery storage, with deliveries starting in 2028. The S&P 500 and Nasdaq set new closing highs. Ford stock is up about 28% in two weeks.
28 May 2026
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IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Limited shares fell 3.6% to $65.41 in premarket trading Thursday after surging 13.48% Wednesday on news of a $1.6 billion deal with Dell for Nvidia Blackwell systems. The hardware will support IREN’s $3.4 billion AI cloud contract at its Texas campus. The deal was signed May 19, with Dell to be paid within 30 days of each shipment. Wall Street responded as B. Riley Securities raised its price target to $88.
28 May 2026
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Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook

Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook

Verra Mobility shares steadied near $4 premarket Thursday after plunging 70.6% on news Avis Budget Group will end a major contract in September. The company cut its 2026 revenue forecast by about $135–$145 million and expects segment profit to fall by $120–$125 million. Analysts at JPMorgan, Deutsche Bank, Morgan Stanley, and Baird downgraded the stock and slashed price targets.
28 May 2026
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Hoth Therapeutics Changes Name to Rocket One, RKTO Stock Moves

Hoth Therapeutics Changes Name to Rocket One, RKTO Stock Moves

Rocket One Inc., formerly Hoth Therapeutics, began trading under the new Nasdaq ticker RKTO Thursday after a rebrand and pivot to AI chip technology for space. Shares jumped 47% pre-market to $1.999, following a 92% surge in the previous session. The company retains its biotech pipeline under a subsidiary but highlights early-stage tech, capital needs, and going-concern risks in filings.
28 May 2026
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Intel slips ahead of inflation numbers, AI momentum cools

Intel slips ahead of inflation numbers, AI momentum cools

Intel shares fell 1.4% to $121.77 on Wednesday and traded at $119.70 after hours ahead of Thursday’s session. Reuters reported ByteDance is developing its own CPUs as Intel and AMD raised prices 10% to 35% in recent months. The Philadelphia Semiconductor Index dropped 1.4% after hitting a record high. U.S. stock futures declined Thursday as traders watched inflation data and U.S.-Iran tensions.
28 May 2026
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American Airlines Faces New Index Setback at the Open

American Airlines Faces New Index Setback at the Open

FedEx Freight will replace American Airlines in the Dow Jones Transportation Average before the market opens June 1, S&P Dow Jones Indices said Wednesday. American Airlines shares closed at $14.92, up 0.5%, trailing gains by United, Delta, and Southwest. CEO Robert Isom said the company will keep its lowered 2026 profit target despite higher fuel costs. American expects second-quarter revenue up 15% with 5% more capacity.
28 May 2026
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Plug Power Shares Jump, Cash Burn Still a Concern

Plug Power Shares Jump, Cash Burn Still a Concern

Plug Power shares closed Wednesday up 7.8% at $4.14, trading near a 52-week high on heavy volume. The company reported a first-quarter net loss of $245.3 million and burned $150 million in cash, despite revenue rising 22% to $163.5 million. Asset sales totaling $181 million are expected by June. Analyst targets average $3.62, below the current price.
28 May 2026
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Redwire Stock Just Jumped 27% — The $498 Million Number Traders Can’t Ignore

Redwire Stock Spikes as SpaceX Trade Hits Early Test

Redwire shares fell in premarket trading Thursday to around $23.25 after closing Wednesday at $24.00, up 8.9%. The drop followed a rally in space stocks tied to anticipation of SpaceX’s IPO, which Reuters reports could value SpaceX at $1.75 trillion. Redwire’s latest news includes a $15 million Army drone order and a high-eight-figure contract from a NATO country. The company posted a Q1 net loss of $76.5 million on $97 million revenue.
28 May 2026
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Unusual Machines Stock Surges Premarket as Pentagon Drone Funding Report Puts UMAC Back in Focus

Unusual Machines Stock Surges Premarket as Pentagon Drone Funding Report Puts UMAC Back in Focus

Unusual Machines (UMAC) surged over 30% in premarket trading Thursday after reports that the Trump administration is in talks to fund U.S. drone makers, including UMAC. The stock closed Wednesday at $18.83, up nearly 9%, and was indicated around $24.90 before the bell. UMAC also cited a partner’s selection for Phase II of the Pentagon’s Drone Dominance Program.
28 May 2026
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Meta Paywall Move Rattles Shares

Meta Paywall Move Rattles Shares

Meta shares rose 3.74% to $635.25 Wednesday after launching new paid plans for Facebook, Instagram, WhatsApp, and Meta AI. The company raised its 2026 capital spending outlook to $125–$145 billion, citing higher costs for data centers and chips. Instagram Plus and Facebook Plus are priced at $3.99 per month, WhatsApp Plus at $2.99. Ads remain Meta’s main revenue source, with $55.02 billion last quarter.
28 May 2026
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Astrotech Stock Rips Higher After Moon Mission Pitch Sends Shares Up 459%

Astrotech Stock Rips Higher After Moon Mission Pitch Sends Shares Up 459%

Astrotech shares closed at $13.81 Wednesday, up 459% after the company announced a new lunar resource and space infrastructure initiative. The firm aims to explore quantum computing and semiconductor projects on the Moon, but has not signed any contracts. Third-quarter revenue fell to $343,000 with a net loss of $3.77 million. Astrotech reported $2.7 million in cash and $3.9 million in short-term assets.
28 May 2026
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Red Cat Shares Rise Pre-Market After Analyst Moves

Red Cat Shares Rise Pre-Market After Analyst Moves

Red Cat Holdings shares rose 9.21% to $10.67 Wednesday and traded at $12.14 pre-market Thursday after H.C. Wainwright initiated coverage with a Buy rating and a $20 price target. The company recently acquired Quaze Technologies and reported $15.5 million in Q1 revenue, up 849% year over year. Red Cat also priced a public offering at $9.40 per share, aiming to raise $225 million.
28 May 2026
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Nvidia Shares Fall as $5 Trillion AI Trade Faces Next Challenge

Nvidia Shares Fall as $5 Trillion AI Trade Faces Next Challenge

Nvidia shares fell 1.1% to $212.60 Wednesday, with its market value near $5.19 trillion, as chip stocks broadly retreated after recent gains. The S&P 500 and Nasdaq closed at record highs. Taiwan prosecutors suspect Nvidia chips may have been smuggled into China via Japan, Bloomberg reported, though Reuters could not verify this. Nvidia recently reported Q1 revenue of $81.6 billion, up 85% year-on-year.
28 May 2026
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Stock Market Today

  • Dollar Weakens as US May CPI Matches Expectations Amid Geopolitical Tensions
    June 10, 2026, 12:57 PM EDT. The US dollar index slipped 0.13% after May consumer price index (CPI) data showed inflation rising 4.2% year-on-year, matching forecasts and easing concerns of aggressive Federal Reserve (Fed) tightening. Core CPI rose 2.9%, the quickest pace in seven months. Despite this, crude oil prices jumped 1%, raising inflation fears that may prompt Fed rate hikes. Geopolitical tensions between the US and Iran boosted safe-haven demand for the dollar, limiting losses. Swap markets price in no expected rate change at the next Fed meeting. Meanwhile, the euro gained 0.12%, supported by expectations of a 25 basis point European Central Bank (ECB) hike, although oil's rise threatens the Eurozone economy. The yen weakened further against the dollar amid rising Japanese producer prices and hawkish Bank of Japan signals, despite oil price pressures on Japan's import-reliant economy.

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