Market Summary — Post market — 2026-05-13
- equity markets defied a significantly hotter-than-expected Producer Price Index (PPI) report to close at fresh record highs, driven by a powerful rebound in mega-cap technology and communication services stocks
- The S&P 500 climbed 0.58% to 7,444.25, while the Nasdaq Composite surged 1.20% to 26,402.34, marking a decisive victory for growth-oriented names despite the inflationary backdrop
- The Dow Jones Industrial Average bucked the trend, slipping 0.14% to 49,693.20, as rate-sensitive sectors like utilities and real estate lagged behind the tech-led rally