Markets Advance With Wider Participation Amid Ceasefire Optimism

Wall Street ended the week with broad gains, record-setting index performances, and a notable shift toward broader market participation beyond tech and AI shares. The Dow, the S&P 500, the NASDAQ and the Global Dow each finished the week higher. The S&P 500 extended an eight-week winning streak, while the Dow recorded new highs. Markets swung throughout last week as news alternated between progress and tension in the U.S.-Iran ceasefire negotiations. Reports of a potential ceasefire helped ease oil-supply fears, influencing sharp moves in oil prices and Treasury yields.

GDP Rebounds in Q1 as Growth Accelerates From Late‑2025 Slowdown

According to the second estimate, gross domestic product accelerated at an annualized rate of 1.6% in the first quarter of 2026. In the fourth quarter of 2025, GDP increased 0.5%. Personal consumption expenditures (PCE), a measure of consumer spending and the primary driver of GDP, rose 1.4% in the first quarter, a decrease from the 1.9% rise in the fourth quarter.

Eye on the Week Ahead

The jobs report for May is out this week. While job growth slowed during the first quarter of the year, it has picked up somewhat over the past few months.