Wall Street Pushes Higher as Dell’s AI Momentum Fuels Trade
Stocks in the U.S. moved higher Friday, tacking on gains to their record streak. Dell Technologies jumped sharply and bets on a possible U.S.-Iran deal had investors sticking with artificial intelligence names and other risk assets. Stocks are still climbing to new highs as May ends, even with inflation up and growth slowing. The S&P 500 was at 7,574.93, the Nasdaq Composite at 26,933.85, and the Dow at 50,901.91 in late morning, according to Reuters/LSEG data, with prices delayed at least 15 minutes.