As the United States and China entered a truce in the tariff war, the New York Stock Exchange showed strength, particularly among technology stocks. The S&P 500 index has turned positive in returns for the year.
On the 13th (local time), the S&P 500 index closed at 5,886.55, up 42.36 points (0.72%) from the previous day.
The S&P 500 index rose 0.1% compared to the last trading day of last year (5,881.63), re-entering the positive revenue range for 2025.
The tech-heavy Nasdaq Composite Index rose 301.74 points (1.61%) to 19,010.09.
In contrast, the Dow Jones Industrial Average fell 269.67 points (0.64%), closing at 42,140.43.
Amidst mixed trends among the three major indices, experts analyzed that optimism about U.S.-China trade negotiations and favorable inflation indicators supported investor sentiment.
Technology stocks generally rose on news that Nvidia would supply a large quantity of AI chips to Saudi Arabia. In contrast, the Dow index fell due to UnitedHealth Group withdrawing its earnings forecasts, negatively impacting the healthcare sector.
The Consumer Price Index (CPI) for April released on this day rose 0.2% compared to the previous month. While it slightly rebounded from March (-0.1%), the year-over-year rate slowed to 2.3% compared to March (2.4%).
Core CPI rose 0.2% from the previous month, widening the increase compared to March (0.1%). Year-over-year, it remained at 2.8%, the same as in March.
Kris Zakarelli, Chief Investment Officer (CIO) at Northlight Asset Management, noted, "Concerns about recession due to tariffs and persistent inflation have been largely resolved," and predicted, "There is a high possibility of a market rally in the short term."
However, there were also points of contention that the April inflation figures were data prior to the reciprocal tariffs affecting the real economy.
Stephen Kates, a researcher at Bankrate, said, "The corporate response to rising expenses has not yet been reflected."
By sector, technology stocks surged by 2.25%. Consumer goods, energy, and communication services sectors also rose by more than 1%.
Conversely, the healthcare institutional sector plummeted by 2.97%, and essential consumer goods and real estate also fell by more than 1%.
Nvidia announced that it would sell over 18,000 units of the latest AI chip "GB300 Blackwell" to the Saudi corporation Human, resulting in a stock rise of 5.78%. Tesla (4.59%), Meta (2.92%), and Amazon (1.37%) also posted significant gains.
In contrast, UnitedHealth's stock plummeted 18% following the withdrawal of its earnings guidance amid a CEO change. A surge in healthcare expenditure was cited as the cause.
Coinbase surged 24% on the news of its inclusion in the S&P 500 index. Quantum computing firm Rigetti Computing fell more than 14% due to poor performance.
Goldman Sachs raised its S&P 500 outlook to reflect the reduction in tariffs and the strengthening economic recovery, increasing its year-end target from 5,900 to 6,100.