How much did the S&P 500 gain?

The S&P 500 rose 0.58% to close at a new record high.

Did the Dow Jones also hit a record high?

No, the Dow fell 0.14%, weighed down by weakness in industrial and financial stocks.

Which stocks led the Nasdaq 100 rally?

Semiconductor stocks like TXN, LRCX, KLAC, and MRVL led the rally, along with tech stocks such as META, CRM, and ADBE.

S&P 500, Nasdaq 100 Hit New Record Highs on Chip Stock Strength

The S&P 500 closed up 0.58% and the Nasdaq 100 surged 1.04% to new record highs, fueled by gains in semiconductor stocks. In contrast, the Dow Jones Industrial Average slipped 0.14%.

By: Wrqti Editorial

May 13, 2026

2 min read

Source: Barchart

Key Numbers

sp500 change

+0.58%

dow change

-0.14%

nasdaq100 change

+1.04%

sp500 futures change

+0.62%

nasdaq futures change

+1.04%

Major U.S. stock indexes ended mixed on Wednesday, with the S&P 500 and Nasdaq 100 closing at new record highs, supported by strength in semiconductor stocks.

Key Index Performance

S&P 500 ($SPX) (SPY): Rose +0.58%.
Dow Jones Industrial Average ($DOWI) (DIA): Fell -0.14%.
Nasdaq 100 ($IUXX) (QQQ): Gained +1.04%.

June E-mini S&P futures (ESM26) rose +0.62%, and June E-mini Nasdaq futures gained +1.04%.

Reasons for the Move

The strong performance in the Nasdaq 100 was driven by semiconductor stocks, including Texas Instruments (TXN), Lam Research (LRCX), KLA Corporation (KLAC), and Marvell Technology (MRVL). Major tech stocks such as Meta (META), Salesforce (CRM), Adobe (ADBE), Intuit (INTU), ServiceNow (NOW), and Palantir (PLTR) also contributed to the rally.

Broader Context

The rally comes amid sustained optimism around artificial intelligence and chip demand, boosting investor confidence in the technology sector. In contrast, weakness in industrial and financial stocks weighed on the Dow.

What This Means for Investors

The new record highs indicate continued positive momentum in equity markets, particularly in technology and semiconductors. However, investors should watch for signs of overbought conditions or changes in monetary policy that could impact elevated valuations.

Frequently Asked Questions

The index rose 1.04% driven by strong semiconductor stocks like Texas Instruments and Lam Research, along with major tech stocks such as Meta and Salesforce.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.