The Dow Jones Index closed up 363.49 points, or 0.72%, at 51032.46 points on May 29 (Friday);The S&P 500 Index closed up 16.0 points on May 29 (Friday). 45 points, an increase of 0.22%, to 7580.08 points;The Nasdaq Composite Index closed up 55.15 points, or 0.20%, to 26972.62 points on May 29 (Friday).

Standard & Poor's confirmed Hungary's "BBB-/A-3" rating; the outlook is negative; Lithuania's "A/A-1" rating was confirmed; the outlook is stable.

US stocks closed modestly higher on Friday: Dow Jones Industrial Average +0.72% (preliminary), S&P 500 +0.22%, Nasdaq Composite +0.20%. IBM (IBM.N) rose more than 12%, Oracle (ORCL.N) gained over 10% and Qualcomm (QCOM.O) climbed over 3%. The Nasdaq Golden Dragon China Index was flat; Baidu (BIDU.O) +2.4%, Alibaba (BABA.N) -1.5%. For the month the S&P 500 advanced 5.15%, the Nasdaq 8.36% and the Dow 2.78%. The S&P 500 extended its weekly winning streak to nine weeks, the longest run since December 2023.

According to the New York Post: It is unclear when the United States and Iran will finalize the memorandum of understanding.

OpenAI has been in communication with several banks, including Citigroup and JPMorgan Chase, about its upcoming initial public offering, according to people familiar with the matter.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended May 26, speculators reduced the net short position in U.S. 2-year Treasury futures by 305,000 contracts to 1,255,246; they reduced the net short position in U.S. 10-year Treasury futures by 60,098 contracts to 787,954.