US stock market reaches historic daily and weekly closing highs in June 2026

May 29, 2026, 8:19:11 PM UTC(16 hours ago)

Impact: Medium

Affected Assets

The S&P 500 reached a milestone of 7585 points on May 29 2026 marking a 28.3 percent increase compared to the previous year
Major indices including the Nasdaq and S&P 500 secured their ninth consecutive weekly advance which is the longest winning streak since 2023
Technology stocks led the surge with the Nasdaq gaining 8 percent throughout May 2026 driven by significant investments in artificial intelligence
Market momentum was bolstered by Dell surging over 30 percent due to AI server demand and Robinhood launching new agentic trading tools
Analysts attribute the record close to strong corporate guidance and a tech-heavy rally that helped major averages score a winning month

JUST IN: 🇺🇸 US stock market records its highest daily & weekly close in history.