U.S. stock markets experienced a strong rally in May 2025, with the Nasdaq leading gains at 9.6%, marking its best monthly performance since November 2023. This surge was driven by easing trade tensions, robust corporate earnings, and improving economic data. Large-cap technology stocks, particularly Microsoft and Nvidia, played a pivotal role, with respective gains of 16.5% and 24.0% during the month. Consumer discretionary stocks also outperformed, led by Tesla and Amazon, which rose 22.8% and 11.2%, respectively. The S&P 500 recorded its best May performance in over 30 years, largely due to the resurgence of the so-called "Magnificent Seven" tech stocks. After a 24% decline to April lows, the technology sector fully recovered its losses and ended slightly positive year-to-date. Energy stocks, including NRG and Constellation, also contributed to the market rebound. The positive momentum in equities coincided with gains in the cryptocurrency market, supported by easing macroeconomic conditions and the broader stock market rally.