US Stock Market Updates: The S&P 500 climbed 0.72% to close at 5,886.55 on Tuesday (May 13), recovering into positive territory for the year as easing US-China trade tensions lifted investor sentiment for a second straight session. The tech-heavy Nasdaq Composite outperformed, jumping 1.61% to end at 19,010.08, powered by strong gains in chip stocks. However, the Dow Jones Industrial Average slipped 269.67 points, or 0.64%, weighed down by an 18% plunge in UnitedHealth shares.
US Stock Market Updates: The S&P 500 climbed 0.72% to close at 5,886.55 on Tuesday (May 13), recovering into positive territory for the year as easing US-China trade tensions lifted investor sentiment for a second straight session. The tech-heavy Nasdaq Composite outperformed, jumping 1.61% to end at 19,010.08, powered by strong gains in chip stocks. However, the Dow Jones Industrial Average slipped 269.67 points, or 0.64%, weighed down by an 18% plunge in UnitedHealth shares. Nvidia surged 5.6% after announcing it would supply 18,000 of its high-end AI chips to Saudi Arabia. The news fueled a rally across the semiconductor sector, with Broadcom gaining nearly 5% and AMD rising around 4%.
add a comment
