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S&P 500 Bulls Power Longest Weekly Gain Since 2023 | Closing Bell
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May 22, 2026
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10:42Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick,Carol Massar and Tim Stenovec.
Hopes for a deal between the US and Iran that will turn a fragile ceasefire into lasting peace fueled Wall Street optimism, driving stocks to their longest streak of weekly gains since 2023.
Following a roughly 18% surge from war-fueled lows, the S&P 500 posted an eighth straight week of gains. Two-year yields hit the highest since February 2025 as Federal Reserve Governor Christopher Waller supports making clear the next rate move is just as likely to be a raise as a cut. Money markets fully priced in a hike this year. In a volatile session, US oil settled below $97.
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