Finance

Broad market indexes continued their upward trajectory, with the S&P 500 recording its eighth straight winning week, its longest such streak since late 2023. Stronger-than-expected corporate earnings from companies like Workday and Ross Stores helped maintain market momentum despite a record low in household consumer sentiment.

Kevin Warsh was officially sworn in as the nation's top central banker on May 22, 2026. While President Trump has advocated for lower rates to sustain economic growth, market expectations currently suggest that interest rates will likely remain elevated between 3.5% and 3.75% for the remainder of the year.

The technology sector is experiencing a significant performance gap, with computer hardware and semiconductor companies outperforming software infrastructure firms. While hardware leaders like Intel have seen substantial gains due to ongoing AI data center buildouts, many software stocks have struggled, with a majority of the sector remaining in the red for the year.