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U.S. stocks on May 12: Dow Jones rises 56 points, Nasdaq falls as semiconductor stocks sold off

Wed May 13, 2026 8:15 am JST Market

The Dow Jones Industrial Average edged higher on Tuesday, rising 56.09 points to 49,760.56 to mark its third consecutive gain. The U.S. Consumer Price Index for April rose 3.8% year-on-year, exceeding market expectations and dampening hopes for near-term interest rate cuts. While the shift in rate expectations pressured high-growth sectors, defensive stocks attracted buyers, providing a floor for the blue-chip index. Conversely, semiconductor stocks faced widespread selling pressure.

UnitedHealth Group Inc , Coca-Cola Co , and JPMorgan Chase & Co finished in positive territory, while Venture Global and 3D Systems Corp posted significant gains. In contrast, Salesforce Inc faced selling pressure, and Hims & Hers Health Inc plunged.

The Nasdaq Composite fell 185.93 points to 26,088.20, its first decline in three sessions. Advanced Micro Devices Inc ended lower, while AST SpaceMobile Inc , ZoomInfo Technologies Inc , and Webtoon Entertainment Inc also retreated. Apple Inc and NVIDIA remained resilient, while Wendy's Co surged on news of a potential go-private bid.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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