Stocks Reach New All-Time Highs with a Tech Boost – US Market Wrap

A rise in technology titans lifted equities to all-time highs, overshadowing statistics showing a resurgence in inflation, which has spurred speculation that the Federal Reserve may hold interest rates higher for longer. Megacaps led advances in the S&P 500, with executives from Nvidia, Tesla, and Apple joining Trump’s business delegation in China. An index of chipmakers rose 2.6%. A decline in oil prices also improved sentiment. Treasuries changed as US wholesale prices rose at the quickest pace since 2022. A $25 billion offering of 30-year notes resulted in investors receiving 5% rates for the first time since 2007.
Back-to-back inflation figures this week revealed rising price pressures, prompting traders to increase their bets on a Fed hike in the next year. The producer price index is up 6% from a year earlier. The monthly increase was also the biggest since 2022. A core measure rose 5.2% since April 2025, the most in more than three years.