In the early morning of May 23, 2026 Beijing time, the three major U.S. stock indexes closed higher collectively with strong overall market performance. The S&P 500 index rose again, achieving eight consecutive weeks of gains and setting the longest weekly winning streak since 2023. The Dow Jones Industrial Average surged 0.58%, refreshing its all-time closing high, with a cumulative weekly increase of 2.13%. The Nasdaq Composite Index rose slightly by 0.19%, up 0.45% for the whole week. The sustained strength of U.S. stocks is supported by multiple positive factors. On the macro level, falling international crude oil prices have eased U.S. imported inflation pressure, improving the fundamental environment for capital markets. Meanwhile, the new Federal Reserve Chair’s stable policy stance has eliminated market concerns about aggressive interest rate hikes, stabilizing global liquidity expectations. In terms of sector performance, the market shows obvious structural advantages. Emerging AI technology tracks and high-quality consumer blue-chip stocks continue to lead the market gains. Quantum computing, enterprise software and consumer retail sectors maintained high prosperity, while leading AI chip stocks corrected slightly after continuous surge, showing reasonable market differentiation. Market institutions commented that the current U.S. stock market is in a stable bull market cycle, driven by resilient corporate earnings, easing inflation and stable policy expectations. However, risks still exist, including recurring geopolitical tensions and uncertain global economic recovery momentum. In the short term, the U.S. stock market will continue to rotate among sectors, and high-growth technology tracks and high-dividend blue-chip sectors will remain the core allocation direction of market funds. Investors will keep a close eye on upcoming U.S. core inflation data to judge the sustainability of the market rally.