New York, 22 May 2026 – The Dow Jones Industrial Average climbed to its first intraday record high since February, as Wall Street’s rally continued to broaden on optimism over artificial intelligence, strong corporate earnings and hopes that geopolitical risks in the Middle East could ease.

The latest move placed the blue-chip index back in record territory after a volatile stretch earlier in the year. The rally has been supported by stronger investor appetite for equities, with the S&P 500 also on track for an eighth consecutive weekly gain as markets continued to digest corporate earnings, artificial intelligence demand and signs of resilience in the US economy.

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Tim Clark
Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.
Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.

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Dow Hits First Intraday Record Since February as Wall Street Extends AI-Led Rally

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Dow Hits First Intraday Record Since February as Wall Street Extends AI-Led Rally

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