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Hey listeners, it's Saturday, May 30th.

I'm Imani Moise for The Wall Street Journal, and this is what's news in markets.

Our look at the biggest stock moves of the week and the news that drove them.

Let's dive in.

Stocks continued their historic march higher as Wall Street's appetite for AI showed few signs of slowing.

All three major indexes ended the week at record highs, and the SMP has now risen nine consecutive weeks,

the longest winning streak since 2023.

Investors are paying historically high prices relative to corporate earnings, a dynamic not seen since the

dot-com boom.

The last time investors were willing to pay these kinds of prices was around the market peak

in 2000.

So far, investors are still buying.

The tech-heavy NASDAQ led the way, rising just under 2.4% for the week.

The S&P 500 grew 1.4% and the Dow increased 0.9%.

The AI boom minted two new trillion-dollar companies this week.

Shares and memory chip makers Micron and S.K. Heinex surged nearly 30% and 20% respectively to cross a trillion-dollar valuation mark.

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