Markets Rise Friday as Dell Sparks Fresh AI-Fueled Momentum

In the United States, the S&P 500 and Nasdaq hovered near fresh record highs, while the Dow Jones Industrial Average also traded firmly in positive territory.

Investor sentiment improved after reports suggested progress toward a potential ceasefire framework involving Iran, helping reduce fears of further disruption to global oil supplies.

Crude prices pulled back during the session, easing inflation concerns and supporting broader equity markets.

Technology shares once again led the market higher, fueled by strong earnings from Dell Technologies (DELL) and other AI-linked firms. Dell shares surged after the company reported explosive growth in demand for artificial intelligence servers, reinforcing optimism that AI spending remains one of Wall Street’s strongest growth themes.

NetApp and several software companies also posted sharp gains following upbeat quarterly results.

Markets were also supported by softer inflation data earlier this week, which strengthened expectations that the U.S. Federal Reserve could eventually shift toward interest rate cuts if price pressures continue to cool.

Treasury yields edged lower again Friday afternoon, helping growth and technology stocks outperform.

Investors are now turning their attention toward upcoming economic data and central bank commentary heading into June. Market participants remain optimistic that easing inflation and stable economic growth could extend the rally that has pushed North American equities to new highs throughout May.

Despite ongoing concerns surrounding trade disputes, tariffs and geopolitical uncertainty, traders largely focused on strong earnings momentum and improving risk appetite to close out the week on a positive note.