Wall Street ends higher on tech rally; investors eye Beijing talks
By Stephen Culp and Ragini
Mathur
Thu May 14, 2026
Between solid economic reports coming in and optimism over the high-stakes summit in China, all three indexes went straight up to big 3-digit gains and stayed there. The S&P and Nasdaq set yet another record high and the Dow closed at less than ½ of 1% shy of its all-time record from February 10th. The good news is that retail sales came in as expected. The bad news is that practically all of it was the result of gasoline prices.
The critical question that is on everyone’s mind, “How much longer does this rally go on?” People are loving it but they’re also antsy. Inflation reports are all showing that energy costs are metastasizing into other goods and services with the Kansas City Fed prez naming inflation as the most “pressing risk” we have. AI continues to drive the run but oddly the sectors that generally suffer due to AI, including software, transports and banks, were among today’s best performers. At 18.7 billion, volume came in a tad above the 18.2 average.
DJ: 49,693.20 -67.36 NAS: 26,402.34
+314.14 S&P: 7,444.25
+43.29 5/13
DJ: 50,063.46 +370.26 NAS: 26,635.22
+232.88 S&P: 7,501.24
+56.99 5/14
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