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Higher inflation may not be as short-term as the president thinks, based on what history tells us.

The central bank that Wall Street has become accustomed to may be on the verge of significant change.

Futures for the main U.S. indexes were building on gains from the previous session as the tech stock rally continues.

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.

Wall Street is poised to open with gains Thursday following another record-setting day and developments emerging from U.S. President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing. Oil prices were effectively unchanged, with no clear ending to the Iran war after more than two months. On Thursday, the White House said Trump and Xi discussed enhancing U.S.-China economic cooperation.

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.

On May 13, 2026, Nvidia’s latest peak helped drive a tech-led surge even as inflation and oil worries weighed on the Dow.

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.

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.

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.

US equity indexes traded mixed after midday Wednesday as a hot producer price inflation print failed

US equity indexes traded mixed in midday trading on Wednesday amid a hot producer price inflation pr

The Dow Jones Industrial Average was down, while the Nasdaq Composite and the S&P 500 Index were up

The Dow industrials led U.S. stocks lower with fresh signs of growing price pressures from the war weighing on investors.

May 13 (Reuters) - The S&P 500 was subdued at the open on Wednesday, as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all

Stocks struggled to find direction after wholesale prices surged more than expected in April. The S&P 500 was flat, while the Dow fell 210 points, or 0.4%. The Nasdaq gained 0.2% The inflation report for April this morning revealed that the cost of producing goods has been higher than expected.

Stock futures dropped after producer prices for April came in shockingly hot. Futures tracking the Dow were down 0.5%, and S&P 500 futures fell 0.1%, erasing earlier gains. Futures tracking the Nasdaq 100 were up 0.

Pre-Market Stock Futures: Futures are trading mixed on Wednesday, after a rough day for technology stocks and the Nasdaq. The combination of the prospect of a longer struggle with Iran, and higher inflation, which soared to 3.8% annually, the highest since May 2023, while the core number, which is less food and energy, rose to ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Advanced Micro Devices, Akamai Technologies, HEICO, Johnson & Johnson, MasTec, MercadoLibre, Sandisk, Snap

Wall Street shares were set for a mixed start on Wednesday as investors prepare to wait for news from Donald Trump’s visit to China. Stock futures pointed in different directions ahead of the opening bell, with Dow Jones futures down 114 points or 0.2% at 49,755, while S&P 500 futures...

President Trump's Fed chair nominee could be opening a can of worms for investors.

Semis took a breather, and so did stocks. A reversal for the semiconductor sector brought the market to a standstill. The S&P 500 fell 0.2%, and the Nasdaq composite dropped 0.7%. The Dow Jones Industrial Average added just 56 points, or 0.

Tech stocks looked set to rise on Wednesday as investors bought the dip ahead of President Donald Trump’s summit with China's premier Xi Jinping in Beijing. The three major indexes all slid on Tuesday after the April consumer price index report showed inflation picked up faster than expected last month. The market will be keeping a close eye on Trump’s trip to China, with the two leaders expected to discuss trade and the Iran war.

<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>

Focus is on the April wholesale inflation report in the wait for pdates on US-Iran talks and Trump's trip to China.

Focus is on the April wholesale inflation report in the wait for pdates on US-Iran talks and Trump's trip to China.

Focus is on the April wholesale inflation report in the wait for pdates on US-Iran talks and Trump's trip to China.

US stock futures wavered as investors digested new inflation data and awaited updates on US-Iran talks and President Trump's trip to China.

US stock futures wavered as investors digested new inflation data and awaited updates on US-Iran talks and President Trump's trip to China.

US equity indexes traded mixed on Tuesday as a hotter-than-expected inflation print amid soaring gas