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Stocks Get Tech Boost to Hit Fresh All-Time Highs | Closing Bell
Posted
May 13, 2026
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May 13, 2026
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10:17Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
A rally in technology giants drove stocks to all-time highs, overshadowing data showing a resurgence in inflation that has fueled wagers the Federal Reserve will keep rates higher for longer.
Megacaps led gains in the S&P 500, with the chiefs from Nvidia Corp., Tesla Inc. and Apple Inc. joining President Donald Trump’s business delegation to China. A drop in oil also helped sentiment. A $25 billion sale of 30-year bonds saw investors snagging 5% yields on those maturities for the first time since 2007. In late hours, Cisco Systems Inc. gave a solid outlook.
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