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US stocks rose on Friday, while crude prices slipped, as the major averages looked to close out a winning month, boosted by technology.

The NASDAQ(IXIC.US) Composite and S&P 500 index(SPX.US) climbed 0.3% each. The Dow Jones Industrial Average(DJI.US) was up 353 points, or 0.7%. All three indexes hit fresh all-time intraday highs.

West Texas Intermediate futures lost 2% to trade around $86 per barrel. Brent crude dropped 2% as well to around $91 a barrel. The moves come after Iran’s armed forces reportedly launched missiles late Thursday, while President Donald Trump mulled over a potential ceasefire extension.

The president said in a Truth Social post Friday morning that he is meeting in the Situation Room “to make a final determination” and insisted that Iran “must agree that they will never have a Nuclear Weapon.” He also said that the Strait of Hormuz must be “immediately open.”

1. Leader industry as of 6:29 pm

Computer Sftwr-Database: Oracle Corporation(ORCL.US), MongoDB, Inc. Class A(MDB.US), Elastic N.V.(ESTC.US), Dropbox, Inc. Class A(DBX.US), Open Text Corporation(OTEX.US), Commvault Systems, Inc.(CVLT.US), Varonis Systems, Inc.(VRNS.US), Box, Inc. Class A(BOX.US), Teradata Corporation(TDC.US)

Sector Logic: Computer Sftwr-Database

Core Driver: AI Architectural Evolution
According to the Deep Analysis report dated May 29, 2026, MongoDB, Inc. Class A(MDB.US) is transitioning from a "system of record" to a "real-time intelligent system" for the AI Agent era. The report highlights that AI-native companies, frontier labs, and enterprise AI production deployments are forming real incremental demand. This driver is reflected in MongoDB's Atlas revenue, which grew 29.4% year-over-year to a $2 billion annualized run rate, leading the company to raise its FY27 total revenue guidance to a range of $2.92B to $2.96B.

Market Dynamics: AI Monetization Read-Through
Sector sentiment is improving due to strong results from key data infrastructure peers. According to the May 29, 2026 Tech Daily report, Snowflake(SNOW.US) saw its stock increase by 38% after reporting product revenue growth accelerating to 34% and raising its FY27 product revenue guidance to 31%. The report states this performance defeated market concerns regarding growth slowdown, margin pressure, and AI disruption risks, suggesting that leading database and data warehouse platforms can successfully monetize AI demand.

Risk Signals: Macro Headwinds on Valuations
Despite positive fundamentals, macro factors present valuation headwinds for the sector. According to the May 27 report, equities are severely overbought relative to Treasuries, with the S&P 500/Treasury valuation ratio sitting at the 95th percentile over the past 50 years, implying risk-reward favors bonds. Additionally, a separate analysis dated May 27 notes that the bond market is pricing in a potential Fed rate hike, with the probability of a rate hike by December rising to approximately 80%, which could exert pressure on the discount rates for long-duration software assets.

2. Breaking Out Today as of 6:34 pm

3. Near Breakouts as of 6:34 pm

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