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Dow Jones Breaks 51,000 for First Time as AI, Tech Stocks Lead Market Rally on May 30

GateNews
StocksIndicesAI Industry News
US5000.04%
DELL31.5%
NTAP21.84%
GS1.42%
According to BlockBeats, on May 30, U.S. stock indices posted record highs on Friday. The Dow Jones Index surged 0.72% to break through 51,000 points for the first time; the S&P 500 rose 0.22%, extending its winning streak to nine consecutive weeks; the Nasdaq advanced 0.20%. AI and technology stocks led the rally. Dell Technologies jumped 32.76%—its best single-day performance on record—driven by strong AI server demand and raised annual guidance. NetApp surged 22.39% on AI-driven storage demand growth, while BlackRock's software ETF (IGV) climbed over 8% and posted its best monthly performance since 2001, up 21% for May. Goldman Sachs strategist Brian Garrett noted call options accounted for roughly 70% of all options trades, with S&P 500 call volumes hitting record highs.
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