Closing Bell | U.S. Stocks Mostly Higher, Nvidia Surges 5.63%, UnitedHealth Plummets 17.79%

Market Watcher05-14
On May 13, 2025, the U.S. stock market closed with mixed results. The NASDAQ 100 index rose by 1.58%, while the S&P 500 index saw a modest increase of 0.92%. The Dow Jones Industrial Average also experienced a slight uptick of 0.45%.

In the sectoral landscape, the solar energy sector saw significant gains, with First Solar rallying 22.56% following positive analyst upgrades. The semiconductor sector also performed well, with NVIDIA climbing 5.63% due to its strategic partnership with Saudi Arabia's HUMAIN to build AI factories, aligning with the Kingdom's Vision 2030 goals. Meanwhile, the healthcare sector faced challenges, as UnitedHealth dropped 17.79% after announcing a new CEO and suspending its 2025 outlook.

Microsoft experienced a slight decline of 0.03% after announcing a 3% workforce reduction, indicating a strategic shift towards cost control and investment in artificial intelligence. NVIDIA surged 5.63% on news of its partnership with Saudi Arabia's HUMAIN to establish AI factories, boosting its market cap to over $3 trillion. Tesla Motors rose 4.93%, reaching a market cap exceeding $1 trillion, driven by positive U.S./China trade developments. Coinbase Global, Inc. soared 23.97% after being added to the S&P 500, reflecting strong investor confidence.
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