US Markets Reopen Tuesday May 26 2026: Warsh Era Begins, Iran Deal + Ukraine Drones + Consumer Confidence at 10am ET

# US Markets Reopen Tuesday May 26 2026: Warsh Era Begins, Iran Deal + Ukraine Drones + Consumer Confidence at 10am ET

> **Quick answer:** US stocks resume trading Tuesday May 26 at 9:30am ET after the Memorial Day holiday. This is Kevin Warsh's first full trading week as Fed Chair — sworn in May 22, he faces bond markets pricing a 70% chance of a rate hike by December 2026. Three forces will drive price action at the open: an Iran deal reportedly agreed "in principle" (but not signed), a Ukrainian 1,300-drone overnight strike on Moscow, and the Conference Board Consumer Confidence Index releasing at 10am ET. AutoZone reports before the open; Zscaler after the close.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

This is not a normal post-holiday open. When the NYSE bell rings Tuesday May 26 at 9:30am ET, US markets re-enter a landscape that shifted in three directions over the long weekend — and for the first time in over a decade, Wall Street faces it under a new Fed Chair whose policy instincts are materially different from his predecessor's. The Dow closed Friday at a record 50,723. Whether that record holds or breaks depends on what happens in the next five hours.

## What's Different This Tuesday: The Warsh Era Officially Begins

Kevin Warsh was sworn in Friday May 22 at the White House — the first Fed Chair sworn in there since Alan Greenspan in 1987, a symbolic act that immediately signaled his relationship with the Trump administration would be closer than Jerome Powell's. Warsh said he intends to lead a "reform-oriented Federal Reserve" and has already proposed limiting Fed officials' public communications about where rates should go.