From Nasdaq: 2025-05-15 09:38:00

U.S. stocks closed mostly higher on Wednesday, with the Dow slipping 0.2% while the S&P 500 rose 0.1% and the Nasdaq gained 0.7%. Consumer discretionary and tech stocks saw gains, but healthcare fell 2.4%. Investors are waiting for more trade deals after a U.S.-China truce and positive economic data.

President Trump’s Middle East visit brought a $600 billion commitment from Saudi Arabia, boosting chip companies like NVIDIA and Advanced Micro Devices. NVIDIA will send AI chips to Saudi Arabia, while AMD announced a $6 billion buyback program. Stocks rose amid news of Trump’s tour and trade developments.

No major economic data was released on Wednesday, but investors are optimistic after the U.S.-China trade truce and positive inflation data. Stocks have been mostly higher this week as more trade deals are expected to be announced. The Dow ended in negative territory for the second consecutive session, while other benchmarks saw gains.



Read more at Nasdaq: Stock Market News for May 15, 2025