Nvidia Reports Strong Q1 Earnings but Shares Decline Amid Oil Spike
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Quantum Computing Stocks Surge on U.S. Government $2B Funding and Equity Stakes
U.S. government plans to award $2 billion in grants to nine quantum firms including equity stakes, boosting shares of Rigetti Computing over 30%, D-Wave Quantum up 22%, Quantum Computing up 13%, IonQ up 9%, and IBM up 7%. The Wall Street Journal first reported the deals with IBM as a major beneficiary receiving around $1 billion.
Dow Jones Closes at Record High of 50,579.70
The Dow Jones Industrial Average rose 294 points or 0.58% to a new all-time closing high of 50,579.70 on May 21, 2026, while the S&P 500 gained 0.37% to 7,473.47 and Nasdaq added 0.19%. The S&P 500 extended its longest weekly winning streak since late 2023.
Dow Jones Hits New Record Close, S&P 500 Posts Eighth Winning Week
On May 22, 2026, the Dow Jones Industrial Average gained 294.04 points (0.58%) to close at a record 50,579.70, while the S&P 500 rose 0.37% to 7,473.47 and the Nasdaq gained 0.19% to 26,343.97. The S&P marked its eighth straight weekly gain amid easing yields and market optimism.
US Stocks Surge Toward Record Highs
As of May 22, 2026, stocks continued surging to record highs amid positive market momentum. Bank of America highlighted several stocks with major upside potential heading into June.
S&P 500, Nasdaq and Dow Close at Record Highs to Start June 2026
On June 1, the S&P 500 rose 0.26% to a record 7,599.96, the Nasdaq Composite gained 0.42% to 27,086.81, and the Dow Jones Industrial Average added 0.09% to 51,078.88, with all three indexes posting new all-time closing highs amid tech-led gains.
Dow Jones Industrial Average Closes at Record High
The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to close at 50,579.70 on May 21, 2026, marking a new record close and intraday high. The S&P 500 rose 0.37% to 7,473.47 and the Nasdaq Composite gained 0.19% to 26,343.97.