The S&P 500 closed at a record 7,592 on May 29, extending a nine-week winning streak and reaching an intraday high of 7,592. The University of Michigan consumer sentiment index fell to a record low of 44.8 in May, with 57% of consumers citing high prices. Bitcoin traded near $73,500 as CME began 24/7 crypto futures trading, while gold rebounded to $4,545 per ounce. The Dow Jones Industrial Average rose about 0.7% to close above 50,600, and year-to-date gains for the S&P 500 were roughly 9% to 10%, driven heavily by technology and artificial intelligence. Market gains were linked to U.S. diplomatic signals, including conditions for a potential Iran agreement involving opening the Strait of Hormuz without tolls and destroying enriched nuclear material, plus a joint operation with the U.S., China, Iran, and the International Atomic Energy Agency to remove buried nuclear material.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]