# The S&P 500 notched its eighth consecutive weekly gain, its longest since a nine-week streak ended in December 2023.

*business · news · 2026-05-22 · The Economic Times*

## Key points

- The S&P 500 achieved its longest weekly gain streak since December 2023 with eight weeks.
- The Philadelphia Semiconductor Index rose, driven by Qualcomm gains, while Nvidia declined.
- The U.S. has made partial progress toward a Middle East deal with Iran, but major differences remain.
- DHL, FedEx, and UPS urged EU finance ministers to delay complex new package duty rules.

**Companies:** Qualcomm, DHL, FedEx, UPS
**Countries:** United States, Iran, European Union

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stock-market-live-dow-jones-sp-500-nasdaq-iran-war-peace-talks-hormuz-oil-brent-crude-chip-nvidia-amd-earnings-ai-rally-fed-policy-warsh-inflation-bonds-yields-stocks-news/liveblog/131263429.cms)

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