Dow Jones Closes at Fresh Record 50,598 Despite Hawkish Fed

Wall Street 30 finished May 22 at a fresh all-time high, rising 0.58% to 50,598.03 after touching an intraday peak of 50,686.15. The advance came despite hawkish comments from the new Federal Reserve chair, as investors focused on robust earnings, strong jobs data, and cooling geopolitical risks. President Trump’s “NEW STOCK MARKET RECORD!” tweet lifted futures 0.3% early in the session. The S&P 500 gained 0.37% and Nasdaq added 0.19%, keeping both benchmarks near their own records and the S&P on track for an eighth straight weekly gain. AI-selected names Republic Airways and Fair Isaac led month-to-date performers with gains above 18%.