US Stocks Post Strong Monthly Gains

2026-05-29 20:03 By Agna Gabriel 1 min. read

US equities rose to record highs on Friday as markets gauged the sustainability of the AI rally and assessed the outlook of oil supply from the Middle East and its impact on inflation.

The S&P 500 and Nasdaq each rose 0.2%, while the Dow Jones gained 0.7%.

On a monthly basis, the Nasdaq jumped more than 8%, the S&P 500 advanced 5%, and the Dow rose 3%.

Reports indicated yesterday that the US and Iran have agreed to a 60-day memorandum that would extend the ongoing ceasefire and start the progress of restoring vessel flows through the Strait of Hormuz, although President Trump has not yet signed-off on the deal.

Energy prices and bond yields retreated to deliver broad, although muted, support to the stock market.

The financial and consumer defensive sectors were cautiously higher.

Microsoft gained 5% and Oracle rose over 10%, with AI software supported by a new investment round in Anthropic.

Also, Dell surged nearly 33% as its AI server business boosted its latest guidance.



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