AI Optimism Outweighs Inflation Concerns, US S&P and Nasdaq Close at Record Highs
Driven by AI-related technology stocks, the market downplayed concerns over higher-than-expected US inflation data, leading most major US stock indices to close higher today, with the S&P and Nasdaq hitting new record highs.
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 06:11
- 🔍 Collected: May 14, 2026 at 06:32 (20 min after Published)
- 🤖 AI Analyzed: May 14, 2026 at 08:03 (1h 31m after Collected)
Central News Agency
(New York, Central News Agency, May 13, comprehensive foreign news report) Driven by artificial intelligence (AI)-related technology stocks, the market downplayed concerns over higher-than-expected US inflation data, leading most major US stock indices to close higher today, with the S&P and Nasdaq hitting new record highs.
The Dow Jones Industrial Average fell 67.36 points or 0.14%, closing at 49693.20 points.
The S&P 500 Index rose 43.29 points or 0.58%, closing at 7444.25 points.
The Nasdaq Composite Index increased 314.14 points or 1.20%, closing at 26402.34 points.
The Philadelphia Semiconductor Index surged 300.72 points or 2.57%, closing at 12017.98 points. (Compiled by: Chen Cheng-chien) 1150514
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(New York, Central News Agency, May 13, comprehensive foreign news report) Driven by artificial intelligence (AI)-related technology stocks, the market downplayed concerns over higher-than-expected US inflation data, leading most major US stock indices to close higher today, with the S&P and Nasdaq hitting new record highs.
The Dow Jones Industrial Average fell 67.36 points or 0.14%, closing at 49693.20 points.
The S&P 500 Index rose 43.29 points or 0.58%, closing at 7444.25 points.
The Nasdaq Composite Index increased 314.14 points or 1.20%, closing at 26402.34 points.
The Philadelphia Semiconductor Index surged 300.72 points or 2.57%, closing at 12017.98 points. (Compiled by: Chen Cheng-chien) 1150514
Stand with facts. Your every sponsorship is a power to protect press freedom.
Download Central News Agency's 'First-hand News' APP to instantly grasp the latest news.
Text, images, and videos on this website may not be reproduced, publicly broadcasted, publicly transmitted, or utilized without authorization.