With a peace deal imminent/maybe/who the f$ck knows, will the S&P close next week at an all-time high?
50% of users predicted YES — the community got this one right. 28 predictions cast.
The S&P 500 closed at a new all-time high on Friday, May 29, 2026, with the index finishing at approximately 7,584 — roughly 0.5 percent above the prior session and ahead of its previous record close. The session was anchored by a massive surge in Dell Technologies, which rose more than 30 percent after reporting fiscal first-quarter results that far exceeded analyst expectations on AI server demand.
Macro tailwinds reinforced the equity rally. Reports circulated on Friday that the United States and Iran had agreed in principle to extend their ceasefire by 60 days and begin nuclear negotiations, reducing near-term oil-supply risk and pushing energy prices lower. The BEA's April PCE price index data, released the same morning, came in softer than some forecasts, easing concerns that the recent energy shock would persist as an inflation driver.
Micron Technology had joined the $1 trillion market capitalization club days earlier, reflecting the AI infrastructure theme that has underpinned much of the market's 2026 advance. The May 29 close extended a series of record closings driven by a combination of AI spending, moderating inflation data, and geopolitical de-escalation.
The community was split exactly 50-50 on this outcome.