From Nasdaq

May 13, 2025 12:33:00 PM:

Stock indexes rallied today, with S&P 500 and Nasdaq 100 hitting new highs after US-China trade tensions eased. US Apr CPI rose +2.3% y/y, below expectations. JPMorgan Chase raised US 2025 GDP forecast to +0.6%. UnitedHealth Group fell -14% after CEO resignation. Negative trade comments on US-Europe talks affected stocks.

Focus shifts to tariff news and trade deals. Earnings season sees 77% of S&P 500 companies beating estimates. Overseas markets rise, Euro Stoxx 50 up +0.20%. Interest rates see 10-year T-note yield at 1.8%. European bond yields rise. German ZEW survey exceeds expectations. ECB expected to cut rates by 25 bp.

Chip stocks surge on trade optimism. Micron and Intel up over +2%. Coinbase joins S&P 500, stock jumps +14%. Super Micro Computer and Palantir lead Nasdaq gains. ON Holding reports strong Q1 sales. Caterpillar and XP Inc see upgrades, up more than +2%. Health insurance stocks fall, with UnitedHealth Group down -14%.

Food and beverage stocks face pressure as market climbs. Mondelez Intl leads losers in Nasdaq 100. Defensive stocks like Kraft Heinz and PepsiCo down. Rapid7 Inc downgraded after earnings report. Earnings due from Everus Construction Group, Exelixis, GRAIL Inc, and more. Author has no positions in mentioned securities.

Read more at Nasdaq: Stocks Supported by Easing US Inflation Pressures