Wall Street extended a nine‑week winning streak, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all closing at all‑time highs on 30 May 2026.
The S&P 500 rose 0.22 % to 7,581.65, the Nasdaq added 0.21 % to 26,972.62 (having briefly topped 27,000), and the Dow climbed 0.72 % to 51,032.65. Weekly gains were +1.4 % (S&P), +2.4 % (Nasdaq) and +0.9 % (Dow).
For May, the S&P 500 gained 5.2 %, the Nasdaq 8.4 % and the Dow 2.8 %; the S&P 500 is up roughly 16 % since the end of March.
The rally was fueled by optimism over a possible U.S.–Iran cease‑fire and reopening of the Strait of Hormuz, a strong earnings season, and a vigorous AI‑related trade.
Individual equities: Dell Technologies surged 32.82 % after raising full‑year profit and revenue guidance; Okta jumped 30.14 % on better‑than‑expected Q1 revenue; Snowflake rose 6.84 %; Micron Technology up 5.20 %; Hewlett Packard Enterprise +12.72 %; HP Inc +8.12 %; Super Micro Computer +11.60 %; Gap Inc fell 15.40 % after cutting annual sales forecasts.
Oil prices eased as Brent fell 1 % to $91.79 /barrel and WTI dropped 1.1 % to $87.95 /barrel, reflecting hopes that a U.S.–Iran agreement will restore safe passage through the Strait of Hormuz.
The Federal Reserve’s preferred inflation gauge hit its highest YoY level since November 2023 in April, but month‑over‑month growth slowed, indicating persistent price pressures that keep interest‑rate‑hike expectations elevated.
Analysts quoted: Steve Sosnick (Interactive Brokers) noted markets rally on peace‑process hopes; Adam Turnquist (LPL Financial) highlighted technical momentum with the S&P 500 above its 200‑day moving average; Emily Bowersock Hill (Bowersock Capital Partners) emphasized AI infrastructure spending offsetting geopolitical risks.
