The week concluded on a positive note for major stock benchmarks, as they recorded substantial gains. The S&P 500 Index reached its highest intraday level since mid-August 2022, contributing to a strong performance for the week. The Nasdaq Composite Index, known for its focus on technology stocks, achieved its sixth consecutive weekly gain and reached its highest level since mid-April 2022. Notably, this rally displayed a more inclusive nature compared to recent weeks, with significant gains observed in both value and growth stocks, as well as small-cap stocks. The markets were closed on Monday in observance of Memorial Day. In terms of local currency, the STOXX Europe 600 Index remained relatively unchanged. The pan-European index managed to recover losses after data revealed a slowdown in eurozone inflation, alongside the U.S. Senate’s approval of a bill to suspend the statutory limit on government borrowing. Major stock indexes exhibited mixed performances, with the UK’s FTSE 100 Index experiencing a slight decline of 0.26%, while Germany’s DAX rose by 0.42%.