Wall Street Hits Record Highs on Tech and AI Strength
Major U.S. stock indexes hit record highs on Friday as Dell led a technology rally fueled by AI optimism. The S&P 500 is set for its ninth weekly gain while investors await details on a potential U.S.-Iran deal.
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United States indexes reached record highs midday May 29 as Dell Technologies surged 30% on raised profit forecasts. The S&P 500 is tracking its ninth consecutive weekly gain, the longest winning streak since December 2023. AI optimism and strong earnings are outweighing inflation concerns and geopolitical tensions involving Iran.
