U.S. Stocks Close at Record Highs in May, Nasdaq Up 8% Since Late April

According to Jin10, U.S. stocks closed at historic highs in May as investors grew increasingly confident about a potential reopening of the Strait of Hormuz following reported progress toward a peace agreement. The Nasdaq Composite has surged over 8% since late April, driven by optimism over U.S. debt yields declining and oil prices falling.

Looking ahead, investors will closely monitor key economic data releases next week, including Federal Reserve commentary and labor market indicators, which could significantly influence interest rate expectations. Gold experienced volatility this week, facing renewed selling pressure after U.S. airstrikes on Iran intensified.