BlockBeats news, on May 30, U.S. stocks closed higher across the board on Friday, setting new all-time highs: the Dow Jones Industrial Average rose 0.72%, marking its first close above the 51,000-point level; the S&P 500 increased 0.22%, and the Nasdaq Composite rose 0.20%. The S&P 500 has now risen for nine consecutive weeks, setting its longest winning streak since 2023.
AI and technology stocks continued to lead the market. Dell Technologies surged 32.76% due to strong demand for AI servers and an upward revision of its full-year guidance, marking its best single-day performance in history; NetApp rose 22.39%, benefiting from increased AI-driven storage demand; and BlackRock’s software-focused ETF (IGV) climbed over 8%, posting a monthly gain of more than 21% in May—the best monthly performance since 2001.
Market risk appetite continues to rise. According to Goldman Sachs quantitative analyst Brian Garrett, call options accounted for approximately 70% of total options trading volume today, with the S&P 500 call options volume reaching a record daily high, indicating a significant surge in FOMO sentiment.
Meanwhile, progress in U.S.-Iran negotiations remains a key focus for markets. According to The New York Times, citing U.S. officials, Trump held a two-hour meeting with senior advisors in the White House Situation Room on the 29th, but has not yet made a final decision on a U.S.-Iran agreement. Trump reiterated that Iran must permanently abandon its nuclear weapons program and that the Strait of Hormuz must be fully open with tolls eliminated.
Iran's Foreign Ministry spokesperson Baghaei responded that information exchanges between Iran and the United States are still ongoing, but no final agreement has been reached, and he questioned whether the U.S. side will truly honor its commitments.
Affected by market expectations of an imminent ceasefire and de-escalation agreement between the U.S. and Iran, international oil prices continued to decline. WTI crude oil futures fell 1.73% to close at $87.36 per barrel; Brent crude oil futures dropped 1.77% to close at $92.05 per barrel. Market participants believe that the decline in oil prices helps alleviate inflationary pressures and provides support for risk assets.