Hoping a ceasefire holds to provide support, and AI “hot money” keeps things going—before weekly records, don’t rush to FOMO yet

ME News Report, May 29 (UTC+8), regarding the ceasefire agreement potentially bringing an end to the Middle East conflict, has boosted hopes and propelled the U.S. stock market toward a rare weekly streak of gains. The artificial intelligence trading boom has also provided market support. The S&P 500 index has rebounded nearly 20% from the lows triggered by the war and is on track to achieve its ninth consecutive week of gains, the longest streak since December 2023. Since 1985, this rare trend has only occurred a few times. On Friday, the index edged higher, hovering near record highs. (Sina Finance) (Source: Tonghuashun)