Nasdaq, S&P 500 hit records as tech rebounds despite hot wholesale inflation

U.S. stocks ended mixed on May 13, 2026, as a rebound in technology shares pushed the S&P 500 and Nasdaq Composite to record highs, while broader market breadth weakened after hotter-than-expected wholesale inflation data. The S&P 500 rose 43.29 points, or 0.6%, to 7,444.25, surpassing its previous record set earlier in the week. The Nasdaq gained 314.14 points, or 1.2%, to 26,402.34. The Dow Jones Industrial Average slipped 67.36 points, or 0.1%, to 49,693.20, while the Russell 2000 added 1.10 points to 2,843.93. Nvidia and other technology stocks led the rebound after a sectorwide selloff on May 12, 2026. Most other U.S. stocks declined after data showed wholesale inflation rose more than economists expected in April. Year to date, the Nasdaq is up 13.6%, the Russell 2000 14.6%, the S&P 500 8.7% and the Dow 3.4%.