On Tuesday, May 15th, U.S. stock markets closed higher, with the Nasdaq reaching a record closing high. Both the S&P 500 and Dow Jones also saw gains, buoyed by reassurances from Federal Reserve Chair Jerome Powell and as investors eagerly awaited the critical consumer inflation report due on Wednesday. According to economic data, U.S. producer prices increased by 0.5% in April, rebounding from a 0.1% decline in March and exceeding market expectations of 0.3%. Among the S&P 500’s 11 major sectors, consumer staples experienced the largest decline, whereas the technology sector saw the most significant gain. The Dow Jones Industrial Average was up 0321% and closed at 39,558.11. The S&P 500 gained 0.48%, ending the day at 5,246.68, and the Nasdaq Composite rose 0.75%, finishing ...