New York, 13 May 2026 – The S&P 500 and Nasdaq Composite closed at record highs on Wednesday, lifted by a rebound in artificial intelligence-linked chip stocks that helped Wall Street look past hotter-than-expected inflation data and fading expectations for near-term Federal Reserve rate cuts.
The S&P 500 rose 43.29 points, or 0.58%, to 7,499.62, while the Nasdaq Composite gained 284.62 points, or 1.20%, to 24,028.60. The Dow Jones Industrial Average slipped 67.36 points, or 0.14%, to 49,693.20, reflecting a narrower market rally led mainly by technology shares.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here










