06/02/2026
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The stock market extended its rally during the holiday-shortened week. Leadership remained concentrated in and -related stocks, though improving participation across small- and mid-cap shares also helped support the advance.
surged after a bullish analyst call early in the week, while and several hardware-related names also posted strong gains.
also provided major support after reports that the company is preparing to unveil a new AI-powered coding framework.
became a major leadership group later in the week following blowout earnings reports from and .
The retreat in also helped ease inflation concerns and contributed to lower , with both the 2-year and 10-year Treasury yields declining 11 basis points during the week.
stocks (+1.5%) also moved higher, aided by strength in , , , and . Declining yields improved sentiment toward housing-related names.
(-3.2%) posted the steepest decline outside of following several disappointing earnings reactions, including weakness in . (-2.1%) and (-1.4%) also underperformed, while (-0.7%) and (-0.3%) finished slightly lower overall.
➡️ Nasdaq Composite: +2.4% week-to-date
➡️ Russell 2000: +1.8% week-to-date
➡️ S&P Mid Cap 400: +1.4% week-to-date
➡️ S&P 500: +1.4% week-to-date
➡️ DJIA: +0.9% week-to-date
Read it here: https://www.parkavenuewealthmanagement.com/week-in-perspective/may-29-2026/tech_stocks_drive_another_record_setting_week