Stocks

Wall Street Review: Dow Crosses 51,000 for 1st Time in Extended Rally

Lower bond yields and strong tech earnings drove further gains.
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Wall Street Review: Dow Crosses 51,000 for 1st Time in Extended Rally
Traders work on the floor of the New York Stock Exchange on May 27, 2026. Spencer Platt/Getty Images
Panos Mourdoukoutas
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The rally in equities continued for yet another week, with the S&P 500 closing in on 7,600 and the Dow crossing 51,000 for the first time ever amid lower bond yields and strong tech earnings.

For the week, the Dow Jones Industrial Average rose by 1.49 percent to close at 51,032, just below its new record high set earlier Friday. The S&P 500 increased by 1.8 percent to 7,580, near its record high hit the same day. The Nasdaq Composite soared by 2.58 percent, while the Russell 2000 fared the best, up 2.67 percent.

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Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”