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Federal Reserve Statement: The Federal Open Market Committee (FOMC) unanimously elected Kevin Warsh as FOMC Chairman.

The Dow Jones Index closed up 294.04 points, or 0.58%, at 50579.70 points on May 22 (Friday);The S&P 500 Index closed up 27.0 points on May 22 (Friday). 73 points, an increase of 0.37%, to 7473.45 points;The Nasdaq Composite Index closed up 50.87 points, or 0.19%, to 26343.97 points on May 22 (Friday).

The S&P 500 posted its eighth consecutive weekly gain, its longest streak since a nine-week streak that ended in December 2023.

According to the Wall Street Journal: The United States has suspended the issuance of visas to people who have visited Ebola-affected areas, sources said. The policy applies to people planning to travel to the United States in South Sudan, the Democratic Republic of Congo or Uganda within 21 days.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended May 19, speculators reduced the net short position in CBOT U.S. 2-year Treasury bond futures by 41,775 contracts to 1,560,837 contracts; they increased the net short position in CBOT U.S. 10-year Treasury bond futures. Added 66,885 contracts to reach 848,052; increased the net short position in CBOT U.S. ultra-long Treasury futures by 15,470 contracts to 254,464; decreased the net short position in CBOT U.S. 5-year Treasury futures by 11,629 contracts, down to 1,350,516 copies.

U.S. Commodity Futures Trading Commission (CFTC): Speculators’ net short position on CBOT U.S. Treasury futures increased by 5,820 contracts to 178,674 in the week ended May 19.