Dow Sets New Record While Inflation Stays in View
The Dow Jones Industrial Average closed at a record 50,579.70 on Friday, rising 0.6% as investors responded to progress in U.S.-Iran talks and strong earnings. The S&P 500 marked its eighth straight weekly gain. Dell surged 17% and HP 15% after Lenovo’s earnings, while Nvidia slipped 1.9%. U.S. consumer sentiment fell to a record low in May, according to the University of Michigan survey.