The Week That Was, The Week Ahead: Macro and Markets, May 24

Stocks ended the week on a firm note, with the Dow Jones closing at a new high as bond yields eased and tech shares helped lift the broader market. The Dow (DJIA) rose 0.58% on Friday to 50,579.70, while the S&P 500 (SPX) climbed 0.37% to 7,473.47. The Nasdaq (NDX) added 0.42% to 29,481.64.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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At the same time, the S&P 500 posted its eighth straight weekly gain, keeping the market’s strong run intact. The 10-year Treasury yield slipped to 4.59%, while Gold (CM:XAUUSD) fell 0.7% to $4,508.00, oil (CM:CL) rose 1.66% to $96.44, and Bitcoin (BTC-USD) traded at $76,693.98.

The main macro story was the change at the Federal Reserve. Kevin Warsh was sworn in as Fed chair and said he would take a “reform-oriented” approach. That matters for markets because he starts the job at a tough time, with high inflation, a weak consumer mood, and stocks still near record highs.

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