finance
S&P 500 Rises for Ninth Straight Week as Retail Investors Buy and Oil Prices Fall
Retail investor purchases and lower oil prices supported a ninth consecutive weekly gain for the S&P 500. WTI crude posted its largest monthly decline since April 2025.
May 29, 4:00 PM·1m read1 source
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Retail buying and expectations of resumed oil shipments through the Strait of Hormuz contributed to a nine-week winning streak for the S&P 500, @zerohedge reported. WTI crude futures recorded their steepest monthly decline since April 2025 as those expectations weighed on prices during May.
The S&P 500 rose for the ninth straight week.
Long-term Treasury bonds outperformed shorter maturities while shorter-term yields rose on higher rate-hike probabilities. Gold prices declined for a third consecutive month. U.S. dollar strengthened and bitcoin prices fell. Retail flows remained a sustained support for equities throughout the period covered by the report.
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