US stocks climbed to record highs on Wednesday despite stronger-than-expected producer inflation data, with the S&P 500 rising 0.6% and the Nasdaq gaining 1.2% as semiconductor and megacap tech shares advanced. The Dow Jones Industrial Average edged

2026-05-14

US stocks climbed to record highs on Wednesday despite stronger-than-expected producer inflation data, with the S&P 500 rising 0.6% and the Nasdaq gaining 1.2% as semiconductor and megacap tech shares advanced. The Dow Jones Industrial Average edged lower. The Senate also confirmed Kevin Warsh as the next Federal Reserve chair in a 54-45 vote. Markets continued to monitor inflation pressures, Fed policy expectations, and President Donald Trump’s summit with Xi Jinping in Beijing focused on trade and AI discussions.