S&P 500, Nasdaq hit record highs as tech rallies despite strong inflation data

Yahoo Finance ^ | Wed May 13, 2026 | Amalya Dubrovsky and Karen Friar

[Ken H]

US stocks rallied to record highs on Wednesday as investors shrugged off a hotter-than-expected reading of wholesale inflation. Meanwhile, Kevin Warsh was confirmed by the Senate to be the next Fed chair.

The S&P 500 (^GSPC) rose 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) climbed 1.2% to hit fresh record highs. The tech sector lifted the market, led by semiconductors and the “Magnificent Seven” stocks. The Dow Jones Industrial Average (^DJI) fell just below the flat line.

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[Ken H]

Full title: Stock market today: S&P 500, Nasdaq hit record highs as tech rallies despite strong inflation data

[Ken H]

Direct link => https://finance.yahoo.com/news/live/stock-market-today-sp-500-nasdaq-hit-record-highs-as-tech-rallies-despite-strong-inflation-data-223045021.html

[Bubba_Leroy]

President Trump has been very, very good for my IRAs.

The autopen was very bad.

[mikey_hates_everything]

Nice! I was avoiding looking today until now after yesterday, seeing the index futures overnight and the inflation news today.

[Steven Scharf]

The Dow closed down 67 points although it was lower earlier in the day. So if you ignore the red line, it looks like a pretty good day.

The dow was down on April 20 by 5 points. About as close to even as you can get.

[Bubba_Leroy]

We should get another nice bump after President Trump announces whatever trade deals he reaches with China.

[Jane Long]

LOL! Where are the FR TDS locusts now?

[Sirius Lee]

FR TDS locusts

Good description.

[Fledermaus]

Sitting at a gas pump in their $60,000 SUV while drinking a $9 coffee from Starbucks and crying on Tik Tok with a $1200 cell phone about the extra $25 they just spent filling up.