May 24, 2026, 6:57 PM EDT. The ASX 200 is poised to rise following Wall Street's strong finish, where the Dow Jones Industrial Average closed at a record high of 50,579.70, up 0.58%. The S&P 500 recorded its longest eight-week winning streak since December 2023, buoyed by gains across nine of its 11 major sectors, led by healthcare, utilities, industrials, and technology. Semiconductor stocks mixed, with Qualcomm surging 12% while Nvidia fell 1.9%. Long-dated U.S. Treasury yields eased, with the 10-year note yield dropping to 4.558%, suggesting cooling bond markets. Market optimism is supported by solid earnings and economic data, despite geopolitical risks.