Markets Eye WDAY and ZM Earnings Amid Reports of US-Iran Diplomatic Progress

Key Facts

At a time when markets are searching for new catalysts within the tech sector, focus has shifted toward the upcoming earnings of Workday, Zoom, and Deckers alongside rapid geopolitical developments. According to reports, unofficial news suggests that peace talks between the United States and Iran may be strengthening ahead of the holiday weekend, potentially easing regional tensions. However, analysts warn of sudden market reversals driven by conflicting geopolitical headlines that may emerge in the coming hours.

These movements come amid mixed performance in the software sector, as Zoom (ZM) seeks to regain momentum following slower subscriber growth in previous quarters, while investors watch Workday's (WDAY) ability to maintain strong profit margins. Per market data, traders are also weighing recent economic indicators, such as the U.S. Industrial Production which grew by 0.7% on May 15, 2026, beating the 0.3% forecast and reflecting macroeconomic resilience that could support enterprise software spending.

Looking at current price levels, market participants are awaiting official financial reports to determine short-term stock direction. According to the economic calendar, there are no major U.S. events scheduled for May 22, 2026, leaving geopolitical headlines as the primary driver of liquidity. Traders should monitor technical support levels for WDAY and ZM, as sensitivity remains high regarding any escalation or de-escalation in the Iran file before the holiday market close.