3 themes that drove stocks to another week of records — and a banner month
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- S&P 500 posted a weekly gain of over 1% and a monthly gain of about 5%, extending its nine‑week winning streak.
- Nasdaq Composite rose more than 2% during the holiday‑shortened week and posted an 8% gain for May.
- Snowflake secured a $6 billion AI compute commitment from Amazon Web Services, sending its shares up >36% in a single session.
- Dell reported its fastest‑ever revenue growth, lifting its stock >32% on Friday.
- Axios reported that U.S. and Iranian negotiators reached a truce deal pending President Trump’s approval, which helped the S&P 500 and Nasdaq close at record highs.
Why it matters: Investors ride a 5% S&P 500 month gain as AI deals lift tech stocks, while oil‑related uncertainty eases after tentative Iran‑U.S. truce talks, boosting risk‑on sentiment.
