(New York, Central News Agency, May 13, comprehensive foreign news report) Driven by artificial intelligence (AI)-related technology stocks, the market downplayed concerns over higher-than-expected US inflation data, leading most major US stock indices to close higher today, with the S&P and Nasdaq hitting new record highs.

The Dow Jones Industrial Average fell 67.36 points or 0.14%, closing at 49693.20 points.

The S&P 500 Index rose 43.29 points or 0.58%, closing at 7444.25 points.

The Nasdaq Composite Index increased 314.14 points or 1.20%, closing at 26402.34 points.

The Philadelphia Semiconductor Index surged 300.72 points or 2.57%, closing at 12017.98 points. (Compiled by: Chen Cheng-chien) 1150514

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  • Source: CNA (Central News Agency)
  • Category: Taiwan
  • Dates in source: 1150514