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Stock Buyers Drive Biggest S&P 500 Rally Since May: Closing Bell
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October 13, 2025
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10:20Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Matt Miller, Carol Massar and Bailey Lipschultz.
Wall Street traders lifted stocks as the US and China signaled willingness to keep trade negotiations alive, Middle East tensions cooled while the artificial-intelligence rally powered ahead.
Following its worst rout in six months, the S&P 500 jumped 1.6% to extend a bull market that’s already added $28 trillion to its value. The benchmark saw its best session since May. A key gauge of chipmakers surged nearly 5%. Broadcom Inc. soared about 10% as OpenAI agreed to buy its custom chips and networking equipment in a multiyear agreement.
With trade jitters easing and investors brushing aside fears of a tech-fueled bubble, the market rebound showed that the buy-the-dip mentality remains firmly in place. That was ahead of the unofficial start of the earnings season, with a barrage of reports from big banks due Tuesday.
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