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The three leading U.S. indexes finished Friday at record highs as shares of Dell Technologies led a tech-stock advance and oil prices pulled back on optimism of a U.S.-Iran peace deal.
The blue-chip Dow Jones Industrial Average, benchmark S&P 500, and tech-heavy Nasdaq Composite ended the day up a respective 0.7%, 0.2%, and 0.2%. All three ended comfortably higher for the month of May, and the S&P 500 ended higher for a ninth straight week.
It was another day for a dramatic tech-stock move. A day after Snowflake (SNOW) soared 36%, Dell Technologies (DELL) jumped 32%, its best day ever, to pace the S&P 500 after the server maker posted better-than-expected results and lifted its outlook on booming AI demand. The Magnificent Seven stocks ended mostly down for the day, though Microsoft (MSFT) shares rose 5.5%.
In other notable post-earnings moves, shares of Gap (GAP) sank 15%; American Eagle Outfitters (AEO) dropped 12%; SentinelOne (S) pulled back 8%; Costco Wholesale (COST) fell 4%; Autodesk (ADSK) retreated 4%; NetApp (NTAP) jumped 26%; PagerDuty (PD) soared 33%; and Okta (OKTA) surged 30%.
Oil prices fell as President Donald Trump wrote on Truth Social that he will "make a final determination" on a proposal to end the war with Iran. West Texas Intermediate futures, the U.S. crude oil benchmark, were 1.7% lower to $87.75 at 4 p.m. ET, while expiring July contracts of Brent crude, the global benchmark, settled down 1.8% to $92.05.
The 10-year Treasury yield, which influences interest rates on mortgages and other consumer loans, ticked higher from Thursday's close to above 4.45%.
Gold futures advanced 1.2% to $4,585 an ounce. Bitcoin was at $73,600, up from overnight lows around $72,400. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was 0.2% lower at 98.87.
The S&P 500 finished its ninth straight week of gains, adding 1.4% over the four sessions. (U.S. stock markets were closed Monday for Memorial Day.) The Nasdaq and Dow Jones Industrial Average ended up a respective 2.4% and 0.9% for the week, their second straight in the green.
For May, the Nasdaq, S&P 500, and Dow rose roughly 8%, 5%, and 3%, respectively. In 2026, they are up about 16%, 11%, and 6%. ... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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