Pre-Market Stock Futures:
Futures are trading lower on Thursday as new records are set almost daily, with the AI/Data center trade continuing to push stocks higher on Wednesday. All four major indices hit or closed Wednesday’s session at record highs, with the legacy Dow Jones Industrial Average leading the way, up 0.36% at 50,664, setting a new record high and posting an intraday record. The S&P 500 just barely closed higher, up 0.02% at 7,520, which was also a record closing print, and the Nasdaq was last seen at 26,674, up just 0.07%, for another new record high. The small-cap-loaded Russell 2000, which is still the leading index for 2026, up almost 18%, capped off another stunning day by hitting an intraday all-time high, but ultimately finished fractionally lower at 2,919, down 0.02%. The song remains the same, as the reasons for the seemingly never-ending rally and new highs should sound familiar: hope for a peace deal with Iran, falling oil prices, solid and even record-breaking earnings, and falling interest rates all helped supply the momentum.
Treasury Bonds:
Yields were down across the Treasury curve as buyers continue to grab government debt after yields exploded higher over the previous two weeks. The 30-year-long bond closed Wednesday at 5.01%, after trading at 5.19% less than 10 days ago, while the benchmark 10-year note closed at 4.48% after hitting a 4.70% handle on May 20th. With a potential rate hike on the horizon due to rising inflationary pressures, we could see yields spike again in the near future.
Oil and Gas:
In a reversal of what we saw a few days ago, the major oil benchmarks ended the day mixed. Brent Crude, which is the international benchmark, is highly sensitive to overseas geopolitical tensions and seaborne supply risks. When the market closed, it ended the day at $94.29, down 5.31%, while West Texas Intermediate was last seen at $89.45, up 0.87%. Natural gas, which has been on a tear, closed flat at $3.09.
Gold:
After being hit early in the session, the precious metals staged an afternoon rally and ended barely higher. Gold closed at $4,459, up 0.010%, while Silver closed at $74.70, up 0.24%.
Crypto:
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, May 28, 2026.
Upgrades:
- Agilent (NYSE: A | A Price Prediction) was raised to Buy from Neutral at Bank of America, which trimmed the target price for the shares to $145 from $150.
- Dicks Sporting Goods (NYSE: DKS) was upgraded to Overweight from Neutral at JPMorgan, which lifted the price target for the shares to $270 from $240.
- Dominion Energy (NYSE: D) was upgraded to Buy from Hold at Jefferies, which raised the price target for the utility giant to $76 from $65.
- First Solar (NASDAQ: FSLR) was upgraded to Buy from Hold at GLJ Research, which launched the price target to $315 from $207.82.
- LyondellBassell Industries (NYSE: LYB) was upgraded to Overweight from Equal Weight at Wells Fargo, which raised the price target for the shares to $98 from $80.
Downgrades:
- Boston Scientific (NYSE: BSX) was downgraded to Equal Weight from Overweight at Wells Fargo, which cut the price target for the shares to $55 from $75.
- Electronic Arts (NASDAQ: EA) was downgraded to Hold from Buy at Argus, without a target price.
- Invitation Homes (NYSE: INVH) was cut to Sell from Hold at CFRA, which lowered the target price to $27 from $29.
- PDD Holdings (NASDAQ: PDD) was downgraded to Equal Weight from Overweight at Barclays, which slashed the target price to $89 from $165.
- RLJ Lodging Trust (NYSE: RLJ) was cut to Outperform from Strong Buy at Raymond James, which bumped the target price for the stock to $11 from $9.
Initiations:
- Comfort Systems USA (NYSE: FIX) was started with an Outperform rating at Oppenheimer, with a $2,200 target price.
- Omnicom Group (NYSE: OMC) was re-initiated with a Neutral rating at Rothschild & Co Redburn with a Neutral rating and has an $89 target price.
- Snap-On (NYSE: SNA) was initiated with an Overweight rating at Barclays, with a $420 target price objective.
- Trade Desk (NASDAQ: TTD) was started with a Sell rating at Rothschild & Co Redburn with an $11 target price.
- Valvoline (NYSE: VVV) was initiated with an Equal Weight rating at Barclays, which has a $35 target price for the shares.