New York, May 13, 2026 (AFP) - S&P 500, Nasdaq end at records, shrugging off higher US inflation

NAMPA / AFP

2026-05-13

Major US stock indices shrugged off a surprisingly big jump in inflation Wednesday and pushed to fresh records on AI bullishness and hopes for the upcoming US-China summit. The tech-dominated Nasdaq Composite Index surged 1.2 percent to 26,402, a record. The broad-based S&P 500 jumped 0.6 percent to 7,444.24, also a new high, while the Dow Jones Industrial Average dipped 0.1 percent to 49,693.39. jmb/mlm ...

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