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S&P 500, Nasdaq end lower as inflation, Iran tensions weigh
Reuters Videos99d agoneutralVIDEO
S&P 500, Nasdaq end lower as inflation, Iran tensions weigh

<body><p>STORY: U.S. stocks ended mostly lower on Tuesday, but the Dow posted a modest gain, while the S&P 500 edged down slightly and the Nasdaq lost seven-tenths of a percent.</p><p>The S&P 500 and Nasdaq eased off record highs after the Labor Department's&nbsp;Consumer Price Index was hotter than expected, pushing the annual inflation rate to 3.8%, its highest in three years.</p><p>And that's likely where it will hover for a while, says Dean Smith, chief strategist and portfolio manager for FolioBeyond.</p><p>"So I think the markets are digesting the fact that this is real.&nbsp;This is our new normal now. This is where we're going to live.&nbsp;We're going to be living in an inflationary environment that's in the neighborhood of between 3.5 and 4%.&nbsp;We're going to be living with something like a 4.5% 10-year [Treasury bond yield], something like a 5% 30- year long bond for the foreseeable future.&nbsp;And that's going to cause some recalibration.&nbsp;I think that's what we're seeing in the market today."</p><p>Meanwhile, the Iran war, now in its 11th week, showed no signs of a near-term resolution.&nbsp;</p><p>The notion of a protracted conflict raises the probability that spiking energy prices could create more entrenched inflation. That has all but squelched hopes for an interest rate cut from the Federal Reserve this year under the presumed chairmanship of Kevin Warsh, whom the U.S. Senate confirmed to the central bank board on Tuesday.</p><p>Among the session's stock moves, shares of Humana gained more than 7.5% after Bernstein hiked its price target by 36%.</p><p>:: eBay</p><p>Shares of GameStop dipped about 3.5% after eBay rejected the meme stock trailblazer's $56 billion takeover bid.</p><p>:: Hims & Hers&nbsp;</p><p>And shares of Hims & Hers Health tumbled about 14% after the telehealth company's pivot to branded weight-loss drugs drove up costs and led to a surprise loss in the first quarter.</p></body>

Cerebras IPO to land amid chipmaker mania on Wall Street
TheStreet99d agoneutral
Cerebras IPO to land amid chipmaker mania on Wall Street

The U.S. might be facing a testy economic backdrop, with the Iran War, worries about oil rationing, and a return of inflation, but the market continues to soldier onward and upward. The market has clung onto one balloon in particular: chipmakers. From its March lows, the VanEck Semiconductor ETF ...

Alibaba earnings, Trump & Xi meet, PPI data: What to Watch
Yahoo Finance Video99d agoneutralVIDEO
Alibaba earnings, Trump & Xi meet, PPI data: What to Watch

Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Wednesday, May 13, including President Trump's meeting with Chinese President Xi, Alibaba (BABA) and Cisco (CSCO) earnings, April's Producer Price Index (PPI) data, and commentary from Federal Reserve officials.

Inflation Just Hit a 3-Year High. The Last Time the CPI Spiked Like This, Stocks Did Something Most Investors Forgot
24/7 Wall St.99d agoneutral
Inflation Just Hit a 3-Year High. The Last Time the CPI Spiked Like This, Stocks Did Something Most Investors Forgot

Although Wall Street has spent the spring of 2026 in melt-up mode, with the S&P 500 up 26% over the past year and tacking on another 8.6% in just the last month, this morning’s inflation report rattled the easy narrative. The Bureau of Labor Statistics’ headline CPI index pushed to 332.4 as of April, a ... Inflation Just Hit a 3-Year High. The Last Time the CPI Spiked Like This, Stocks Did Something Most Investors Forgot

Nasdaq Drops as Chip Fever Breaks
Barrons.com99d agobearish
Nasdaq Drops as Chip Fever Breaks

Chip stocks got beat up after the latest inflation report. The tech-heavy Nasdaq was down 0.7%, the S&P 500 was down 0.2% while the Dow gained 56 points, or 0.1%. Notably, almost all major chip stocks were down, barring Nvidia.

Treasury Yields Extend Climb
The Wall Street Journal99d agoneutral
Treasury Yields Extend Climb

Tuesday’s hot inflation reading has added to pressure in the bond market, pushing Treasury yields closer to their highest levels of the year. In recent trading, the yield on the benchmark 10-year U.S.

Treasuries Fall as Rising Oil Prices Herald Sticky Inflation
Bloomberg99d agobearish
Treasuries Fall as Rising Oil Prices Herald Sticky Inflation

(Bloomberg) -- Treasuries fell as rising oil prices threatened to keep inflation at levels that could prompt the Federal Reserve to raise interest rates next year.Most Read from BloombergInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaIran Makes New Offer on Uranium in Response to US, WSJ SaysNvidia’s CEO to Miss China Trip After Year of Travels With TrumpYields were higher by three to five basis points near session

Wells Fargo Set for 16% Upside Despite Recent Selloff
24/7 Wall St.99d agobearish
Wells Fargo Set for 16% Upside Despite Recent Selloff

I am opening with the bottom line. Wells Fargo (NYSE:WFC) trades at $79.18 as of May 4, 2026, and our price target for Wells Fargo is $92.25 over the next 12 months. That implies 16.51% upside, and we rate the stock a buy with a confidence level of 90%. The combination of the lifted Federal ... Wells Fargo Set for 16% Upside Despite Recent Selloff

The Fed Rate Path Will Make or Break PCY in 2026: Here’s What to Watch
24/7 Wall St.99d agoneutral
The Fed Rate Path Will Make or Break PCY in 2026: Here’s What to Watch

The Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) has quietly become one of the better-performing fixed income vehicles of the past year, returning 16% over the trailing twelve months as the Federal Reserve cut its policy rate by 75 basis points and risk appetite returned. PCY now trades around $22 and is up 3% over ... The Fed Rate Path Will Make or Break PCY in 2026: Here’s What to Watch

10-Year Treasury Note Auction Is Coming Up
Barrons.com99d agoneutral
10-Year Treasury Note Auction Is Coming Up

The Treasury is set to auction $42 billion worth of bonds that expire in 10 years this afternoon. The auction comes after the latest inflation report revealed that the central bank remains far from its 2% target. Expectations of stubborn prices make investors demand higher yields to make up for the loss in a bonds’ purchasing power.