[Breaking] S&P 500 Hits Record High Despite April PPI Shock
On May 13 (local time), the three major U.S. stock indices closed mixed as the Producer Price Index (PPI) surged due to a sharp rise in energy prices following the aftermath of the Iran war.
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On the New York Stock Exchange (NYSE) that day, the Dow Jones Industrial Average closed down 0.14% from the previous trading day. The S&P 500 Index, which focuses on large-cap stocks, finished up 0.58%, while the Nasdaq Index, which is weighted toward technology stocks, ended the session up 1.20%.
This content was produced with the assistance of AI translation services.
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