U.S. stocks had another winning week through Friday, May 2, with the S&P 500 Index and Dow Jones Industrial Average extending their rallies to nine consecutive days of gains—their longest streaks in more than two decades. This week’s five-day rally was fueled by strong earnings from major tech companies, steady job gains, and the possibility of easing trade disputes, which all contributed to bullish sentiment for equities.
The S&P 500 ended May 2 at 5,686, up by 2.92 percent for the week. The Dow advanced by 3 percent to close at 41,317. The Nasdaq climbed 3.42 percent, ending the week at 17,977, while the Russell 2000 closed at 2,020, up by 3.22 percent.
