U.S. stocks posted their ninth consecutive week of gains. This has not happened in three years

Hopes of a soon-to-be signed peace agreement between the US and Iran helped US stocks extend their historic series of gains. The S&P 500 index ended the trading week up for the ninth time in a row - its longest winning streak since 2023. And in general, this has happened only a few times in the past four decades, Bloomberg calculated. U.S. Treasury bonds had their best week since the Iran crisis began, the agency wrote.

- The S&P 500 broad market index rose 0.2% on Ma. 29, breaking a record. It added 1.4% for the week and over 5% for the month.

- The Nasdaq Composite Technology Index also rose 0.2%, ending trading at an all-time high. Since the beginning of the week, the index has risen 2.4%, while in May it jumped more than 8%.

- The blue-chip index Dow Jones Industrial Average rose 0.7% on Friday and also reached its peak level, crossing the 51,000-point mark. Growth for the week amounted to 0.9% and for the month - 2.8%.

- The Russell 2000 index of small and mid-capitalization companies fell 0.6% on Friday. But at the end of the week it remained in the plus side by almost 2%, and has risen more than 4% since the beginning of Ma.

- Brent crude futures were down 1.8% on Friday, just below the $92 per barrel mark. North American WTI fell by 1.3%, trading at about $87.7 per barrel. Ma was the worst month for oil prices since the coronavirus pandemic.

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This article was AI-translated and verified by a human editor