S&P 500 Closes Week at 7,473.45 as Dow Hits Fresh Record

U.S. equities finished modestly higher on May 22 despite late-session selling, with the S&P 500 advancing 0.37% to 7,473.45. The Dow Jones Industrial Average led gains, rising 0.58% to a new all-time high of 50,579.70 and marking the eighth straight winning week—the longest streak since 2023. Strength was concentrated in utilities, healthcare and select cyclicals after softer ADP payrolls and a rebounding ISM services PMI offset rising consumer pessimism. The 10-year Treasury yield climbed 6.8 bps to 4.157% while Brent crude hovered near $100, leaving sentiment cautiously constructive but fragile ahead of the long weekend.