Market 05/27: Iran Proposes Deal, US Rejects

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Key highlights:

• Iran announces deal, US rejects

• China: Oil imports below average

• China: Industrial profits surge

• Japan: Crude oil imports rebound

• $70 billion 5Y Treasury auction sees average demand

• Weekly ADP report adds 35.75K jobs

• 30-year mortgage rate continues to rise

• Taiwan investigates smuggling of NVDA chips to China

• Lululemon reaches agreement with founder

• Robinhood rolls out AI self-trading feature

• JPMorgan ready to spend $20 billion on M&A

• Space sector surges on SpaceX IPO plans

• Market: Capital rotates out of Semis