# The S&P 500 added 0.4% and pulled closer to its all-time high.

*business · news · 2026-05-24 · M Live Michigan *

## Key points

- U.S. consumer sentiment fell to a record low, below levels during 2022’s peak inflation.
- Estee Lauder surged 11.9% after officially ending merger talks with Spain’s Puig.
- Traders have eliminated bets on any Federal Reserve rate cuts later this year.
- US consumers now expect 4.8% inflation next year, up from 4.7% last month.
- Japanese inflation dropped to a four-year low, even as global oil prices rose.

**Companies:** Ross Stores, Estee Lauder, Workday, Zoom Communications
**Countries:** United States, Spain, Iran, Japan

[Read the full story on M Live Michigan ](https://www.mlive.com/news/2026/05/as-stock-market-rises-university-of-michigan-reports-consumer-sentiment-at-record-low.html)

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