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Dow plunges 260 points as chips surge and inflation shocks Wall Street again
Economy
Published on 13 May 2026
Wholesale inflation surprises upward and cracks the Fed script
Wall Street saw a rare split: the Dow Jones sank about 260 points while the S&P 500 and Nasdaq climbed. The surprise came from a hotter wholesale inflation reading, tightening the Fed’s room to maneuver. Meanwhile, chip stocks powered tech-led gains, even as US headlines shifted to President Trump’s summit trip to China with Xi Jinping.
- Dow dropped around 260 points while broader indices rose
- Hotter wholesale inflation pressured expectations for the Fed
- Chip stocks rallied, driving S&P 500 and Nasdaq higher
- Trump and Xi’s summit backdrop added another market headline
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times