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Nvidia jumps, S&P 500 tops 7,500, Fed hike odds up

5/15/2026

45 8 Full Breakdown

Summary

Story summary

The U.S. cleared ten Chinese firms to buy Nvidia's H200 chips, causing Nvidia shares to rise 4.4% and its market value to reach about $5.7 trillion.
The S&P 500 crossed 7,500 for the first time, up 19% since its March 30 low.
The S&P 500 technology sector rose 2.1% as technology stocks led gains.
Traders now see a 28% chance of a quarter-point Federal Reserve hike by end-2026, up from 21% a week earlier.

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Story summary

The U.S. cleared ten Chinese firms to buy Nvidia's H200 chips, causing Nvidia shares to rise 4.4% and its market value to reach about $5.7 trillion.
The S&P 500 crossed 7,500 for the first time, up 19% since its March 30 low.
The S&P 500 technology sector rose 2.1% as technology stocks led gains.
Traders now see a 28% chance of a quarter-point Federal Reserve hike by end-2026, up from 21% a week earlier.