Dow Sets Record; Inflation Data Seen as Key for Wall Street Moves
U.S. markets were closed Monday for Memorial Day after the Dow ended Friday at a record 50,579.70, up 0.6%. The S&P 500 posted its longest weekly winning streak since 2023, finishing Friday at 7,473.47. Oil prices tumbled over $4 as President Trump reported progress in Iran talks. Investors await Thursday’s PCE inflation data.