Market Summary — Post market — 2026-05-13
- equities staged a remarkable recovery to close at fresh record highs, driven by a powerful rebound in mega-cap technology and semiconductor stocks that overwhelmed concerns over a significantly hotter-than-expected Producer Price Index (PPI) report
- The S&P 500 Composite Index (+0.58%) and the Nasdaq Composite (+1.20%) finished the session as the clear leaders, with the Nasdaq climbing 314.14 points to 26,402.34 and the S&P 500 gaining 43.29 points to 7,444.25
- In contrast, the Dow Jones Industrial Average (-0.14%) finished modestly lower at 49,693.20, dragged down by weakness in rate-sensitive sectors and industrials following the inflation data release