By Abhinab Dasgupta
Publication Date: 2026-06-01 12:19:00
Last Friday, the three major Wall Street indices completed a successful week. The Dow rose 0.9%, the S&P 500 gained 1.4% and the Nasdaq rose 2.4%. For the month, the Dow gained 2.8%, the S&P 500 gained 5.2% and the Nasdaq gained 8.4%, capping a strong May for US stocks.
Wall Street was boosted by continued enthusiasm for artificial intelligence (AI) and semiconductor stocks. Strong earnings from technology leaders, positive demand forecasts and expectations of higher AI-related spending helped lift growth stocks, particularly on the Nasdaq.
Investor sentiment was also supported by easing inflation concerns and hopes that the Federal Reserve could continue its path toward lower interest rates later this year. Meanwhile, robust economic data and generally solid corporate earnings bolstered confidence that the U.S. economy can continue to grow despite ongoing global uncertainties.
Regardless of market conditions, here at Zacks we offer…
