<div id="readability-page-1" class="page">05:42 PM EDT, 05/13/2026 (MT Newswires) -- The Nasdaq Composite and the S&amp;P 500 reached fresh peaks on Wednesday, buoyed by a rally in technology stocks ahead of high-stakes talks between US President Donald Trump and his Chinese counterpart, Xi Jinping.The Nasdaq rose 1.2% to 26,402.3 and the S&amp;P 500 climbed 0.6% to 7,444.3. The Dow Jones Industrial Average slipped 0.1% to 49,693.2. Most sectors ended in the green, led by communication services, followed by tech, while utilities saw the steepest decline.Chipmaking giant Nvidia's ( NVDA ) shares jumped 2.3%, among the best performers on the Dow. Apple ( AAPL ) , Amazon.com ( AMZN ) , and Cisco Systems ( CSCO ) also advanced. On Semiconductor (ON) shares surged 11%, the second-biggest gainer on the S&amp;P 500.Trump arrived in Beijing Wednesday, accompanied by Nvidia ( NVDA ) Chief Executive Jensen Huang, Apple's ( AAPL ) Tim Cook, and Tesla (TSLA) CEO Elon Musk, along with other executives. Trump is set to have talks with Xi on Thursday and Friday, CNBC reported.&#34;The trip underscores the stakes for chips, tech, and the (artificial intelligence) supply chain highlighted by Nvidia's ( NVDA ) most advanced chips, which (have) faced a series of tightening US export restrictions on China sales,&#34; Wedbush Securities said in note.&#34;We believe that this summit will prove 'constructive' as it keeps the conversation focused on reopening channels where possible rather than allowing the relationship to drift into a more permanent Cold War dynamic that would ultimately slow AI diffusion and cloud monetization on both sides,&#34; Wedbush said.US Treasury yields were little changed in Wednesday late-afternoon trade, with the 10-year and two-year rates at 4.48% and 3.99%, respectively.In economic news, US producer prices in April rose at the fastest pace in four years as broad-based increases in services and goods signaled intensifying inflation pressures, official data showed.&#34;On the heels of yesterday's disappointing (consumer price index) results, the April producer price report flags intense inflation pressure in the pipeline,&#34; BMO Capital Markets said in a note. &#34;Look for another heated consumer inflation report in May, and not solely due to costlier gasoline, as price pressures stemming from the Iran war are bleeding into other sectors of the economy.&#34;The central bank last month held rates steady for a third straight meeting and is widely expected to do so again in June, according to the CME FedWatch tool.The US Senate confirmed Kevin Warsh's nomination as Fed chair on Wednesday. Warsh is Trump's pick for the job as the term of current central bank chief Jerome Powell is set to expire on Friday.Boston Fed President Susan Collins expects the central bank to maintain its current monetary policy stance, which she described as &#34;slightly restrictive.&#34;&#34;More than five years of above-target inflation has reduced my patience for 'looking through' another supply shock,&#34; Collins said in prepared remarks on Wednesday. &#34;And while it is notin my most likely outlook, I could envision a scenario in which some policy tightening is needed to ensure that inflation returns durably to 2% in a timely manner.&#34;West Texas Intermediate crude was last down 0.9% at $101.27 a barrel, while Brent fell 1.8% to $105.85.The International Energy Agency forecast a sharper decline in global oil demand this year than previously expected as the Middle East conflict drives up energy prices.&#34;More than 10 weeks after the war in the Middle East began, mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record pace,&#34; according to the report.Separately, the Organization of the Petroleum Exporting Countries reduced its global oil demand growth outlook for 2026, but upgraded its projection for next year.Trump recently rejected Iran's counteroffer to end the war, though a fragile ceasefire between the two countries still holds.In company news, Wix.com ( WIX ) logged a larger-than-expected annual decline in its first-quarter earnings, while the Israeli web development platform maintained its full-year outlook. The company's US-listed shares tanked 27%.Gold was last up 0.2% at $4,694.70 per troy ounce, while silver climbed 3% to $88.18 per ounce. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

NDAQ

.SPX

The Nasdaq and S&P 500 reached new highs, driven by a surge in tech stocks ahead of US-China talks. The Nasdaq rose 1.2% to 26,402.3, while the S&P 500 climbed 0.6% to 7,444.3. Nvidia, Apple, and Amazon saw significant gains. Economic data showed rising producer prices, indicating inflation pressures. The US Senate confirmed Kevin Warsh as Fed chair, with expectations of steady rates. Oil demand forecasts were downgraded due to Middle East conflicts, impacting prices. Wix.com reported a larger-than-expected earnings decline, leading to a 27% drop in shares.

- The Nasdaq Composite and S&P 500 reached new highs, aided by a tech stock rally before US-China talks.  
- Meanwhile, US producer prices surged, indicating rising inflation amid geopolitical tensions affecting oil supply.  
- Kevin Warsh was confirmed as Fed chair, with expectations for current monetary policy to persist despite inflationary pressures.

Fidelity

Wix.com

Nasdaq

S&P 500

NASDAQ-100

Spdr Select Tech

Proshares Big Data Refiners ETF

Invesco Nasdaq 100 ETF

T-Rex 2X Long Apple Daily Target ETF

Direxion Daily NVDA Bull 2X Shares

Pacer Cash COWZ 100-Nasdaq100RotatorETF

Invesco Semiconductors ETF

iShares Future AI & Tech ETF

First Trust Cloud Computing

Direxion Daily AAPL Bull 2X Shares

Direxion Semicon Bull 3X

Pro UltrPro S&Pro 500

GraniteShares 2x Long AMZN Daily ETF

YieldMax NVDA Option Income Strategy ETF

T-Rex 2X Long NVIDIA Daily Target ETF

Schw Us L-Cp Grw

VG Growth

iShares Expanded Tech Software Sector ETF

SPDR S&P Semicon

VanEck Semiconductor ETF

GraniteShares 2x Long AAPL Daily ETF

SPDR S&P Software

Fidelity Nasdaq Composite Index ETF

SPDR S&P 500

iShares Semiconductor ETF

iShares Core S&P US Growth

Franklin Exponential Data ETF

Invesco QQQ Trust

Direxion Daily AMZN Bull 2X Shares

GraniteShares 2x Long NVDA Daily ETF

Invesco S&P 500 Equal Weight Tech ETF

Roundhill AMZN WeeklyPay ETF

NASDAQ Composite Index

Dow Jones Industrial Average

NVIDIA

Apple

Amazon

Cisco

ON Semiconductor

Tesla

NVIDIA Corporation

Nasdaq, S&P 500 Hit Fresh Highs as Tech Stocks Rise