S&P and Nasdaq Hit New Records

2026-05-11 18:38 By Joana Taborda 1 min. read

US stocks rose on Monday, rebounding from a subdued start to the session, as the S&P 500 added 0.2% and the Nasdaq gained 0.1% to reach fresh record highs, supported by a strong rally in chipmakers amid continued optimism over AI-driven demand.

The Dow Jones also advanced 95 points.

Among the standout performers, Nvidia climbed 2%, Tesla surged 3.9%, Qualcomm jumped 8.4%, and AMD added 0.8%.

Micron Technology soared 6.5%, as labour unrest at Samsung Electronics and ongoing supply constraints fuelled expectations of tighter memory-chip markets.

Energy, materials and industrial stocks also posted solid gains.

The market’s advance came despite another increase in oil prices after US President Donald Trump rejected Iran’s response to his proposal, warning that the ceasefire was on “life support”.

Investors were also turning their attention to an expected summit later this week between President Trump and Chinese President Xi Jinping.



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