On May 13th, major stock markets in New York mostly closed higher due to U.S.-China tariff reductions, except for the Dow Jones Industrial Average which fell due to a sharp decline in UnitedHealth Group’s stock price. The S&P 500 and the Nasdaq index both closed higher, with the S&P’s rise offsetting the decline since the announcement of mutual tariffs last month. Nvidia’s market capitalization surpassed $3.2 trillion during the session, overtaking Apple to become the second largest by market cap, following a decision by Saudi Arabia to build an AI data center based on Nvidia’s semiconductors.
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Auto-posted at: 2025-05-14 09:03:49