Oil prices moved slightly lower on Wednesday, but markets were buoyed to new heights by the strength of the tech sector. Plus, the new Federal Reserve chair cleared his final confirmation hurdle this afternoon, which likely alleviated some lingering uncertainty at the central bank, and among investors. Incoming Fed Chair Kevin Warsh was confirmed by the Senate with a vote of 54-45 on Wednesday afternoon, becoming the 17th person to take on the job.
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<body><p>STORY: The S&P 500 and the Nasdaq gained ground on Wednesday with a boost from artificial intelligence-related tech shares.</p><p>The Dow actually fell slightly while the S&P gained about six-tenths of one percent and the Nasdaq added double that with the two indexes notching record closing highs.</p><p>The markets looked past data from the Labor Department showing producer prices jumped by 1.4% last month, the largest monthly increase in four years.</p><p>Tom Hainlin, national investment strategist with U.S. Bank Asset Management says he isn’t sure if these numbers will persist and what impact they will have on profits.</p><p>“Obviously, manufacturers and other importers are dealing with high prices due to tariffs and also due to high energy prices. I think the question is, this a temporary bump in producer prices or is it something that will ultimately eat into their profit margins? But we've seen strong investment in productivity tools . And we've seen profit margins remain pretty sturdy in here, which is driving corporate profits. But if this is a one-time blip, this can get managed through the corporate profit cycle.”</p><p>The recent inflation data is dousing any remaining hopes for a near-term rate cut from the Federal Reserve. </p><p>In fact, Boston Fed President Susan Collins said on Wednesday that a rate hike could be in the cards if inflation pressures fail to subside.</p><p>Kevin Warsh, President Donald Trump's nominee to succeed Fed Chair Jerome Powell, was confirmed by the Senate in a vote along party lines.</p><p>:: Ford</p><p>Stocks on the move included Ford which surged 13% following a Morgan Stanley report highlighting the strength of the company’s energy storage business. </p><p>And Johnson & Johnson climbed nearly 3% after brokerage Leerink Partners upgraded shares to "outperform" from "market perform."</p></body>
The AI trade lifted stocks on Thursday as all eyes were on the crucial Trump-Xi summit that kicked off in Beijing.
US stock futures edged higher as Wall Street awaited President Trump's meeting with Chinese President Xi Jinping.
Ralph Lauren (RL) closed at $331.62 in the latest trading session, marking a -1.64% move from the prior day.
In the latest trading session, FedEx (FDX) closed at $369.7, marking a -1.79% move from the previous day.
In the closing of the recent trading day, Copart, Inc. (CPRT) stood at $32.94, denoting a -1.5% move from the preceding trading day.
The proposed stake purchase would give CATL-linked buyers a significant ownership position in VNET. The expected Q4 closing, voting arrangements, and AI data center expansion plans will likely influence the next phase of this transition.
In the most recent trading session, Ross Stores (ROST) closed at $211.76, indicating a -2.72% shift from the previous trading day.
American Eagle Outfitters (AEO) closed at $15.4 in the latest trading session, marking a -1.66% move from the prior day.
Williams-Sonoma (WSM) closed the most recent trading day at $171.95, moving 1.96% from the previous trading session.
The latest trading day saw Dell Technologies (DELL) settling at $243.72, representing a +2% change from its previous close.
Ford’s new battery‑storage arm and a bullish Wall Street call are reshaping its growth story, today, May 13, 2026.
The S&P 500 rose 0.6%, and the Nasdaq Composite added 1.2%. The president and a group of top business leaders are attending a summit with Chinese leader Xi Jinping. Kevin Warsh passed the final Senate vote hurdle.
A major investment firm just raised its price target for Plug Power.
The S&P 500 and Nasdaq ran higher, led by Google, Nvidia, Tesla and other titans. Cisco earnings beat while AI chipmaker Cerebras will price its IPO.
Some institutional investors have been increasing their positions in Lucid stock.
A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation. The Dow Jones Industrial Average dipped 0.1%, and the Nasdaq composite climbed 1.2% to its own record. Nvidia and other tech stocks led the way, a day after stumbling in an industrywide swoon.
Wall Street was split on Wednesday, with stocks charging higher while Treasuries sold off following another poor auction that saw the 30-year Treasury yield reach 5%. The Dow fell 0.1%. Stocks gained despite a high inflation reading: Wholesale energy prices climbed 7.8% in April from March.
Oklo just reported a wider-than-expected loss. Is it time to panic?
Wix.com's Q1 report did not deliver the results investors were looking for.
The Trade Desk Inc (NASDAQ:TTD) shares are dropping Wednesday, extending a slide that has been in place for months. The stock continues to lag even as broader risk appetite improves, with the Nasdaq and S&P 500 both advancing. Trade Desk stock is showing notable weakness. What’s behind TTD decline? A Chart That Continues To Reject Strength TTD remains well below every major moving average, and the distance from those trend markers shows how much ground the stock has lost. Price sits nearly 12% u