financetom
Market
financetom
/
Market
/
Macro Data Leave Equities Mixed Intraday; Nvidia Rallies
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Macro Data Leave Equities Mixed Intraday; Nvidia Rallies
May 26, 2025 7:04 AM

02:13 PM EDT, 05/13/2025 (MT Newswires) -- US benchmark equity indexes were mixed intraday as traders weighed latest economic data, including a report showing that consumer prices rebounded in April.

The Nasdaq Composite was up 1.7% at 19,028.9 after midday Tuesday, while the S&P 500 rose 0.9% to 5,898.3. The Dow Jones Industrial Average fell 0.4% to 42,254.7. Among sectors, technology paced the gainers, while health care saw the biggest drop.

In economic news, US consumer prices rebounded last month, but missed Wall Street's estimates, while annual inflation eased to the lowest level since February 2021, the Bureau of Labor Statistics said.

"There isn't a lot of evidence of tariffs boosting the (consumer price index) in April, but this shouldn't be surprising as it takes time," Oxford Economics said. "The areas where tariffs likely boosted prices in April were in furniture/bedding, appliances, and to a lesser extent toys."

The US and China recently reached an agreement on a 90-day suspension of reciprocal duties. The two countries had been in a trade war since President Donald Trump's announcement of sweeping new tariffs early last month.

The official US producer prices report for April is scheduled to be released Thursday.

Small business optimism in the US fell by 1.6 points sequentially to 95.8 last month, a survey by the National Federation of Independent Business showed. The consensus was for a 95 reading in a survey compiled by Bloomberg.

Uncertainty continued "to be a major impediment for small business owners in operating their business in April, affecting everything from hiring plans to investment decisions," NFIB Chief Economist Bill Dunkelberg said.

US Treasury yields were up intraday, with the 10-year rate rising four basis points to 4.5% and the two-year rate increasing 2.3 basis points to 4.03%.

In company news, Nvidia ( NVDA ) shares were up 6.4%, the top gainer on the Dow and among the best on the S&P 500 and the Nasdaq. The chipmaking giant formed a partnership with Humain, a new subsidiary of Saudi Arabia's Public Investment Fund, to build artificial intelligence factories in the country over a five-year period.

First Solar ( FSLR ) shares surged 21%, the top performer on the S&P 500, as Wolfe Research upgraded the stock to outperform from peer perform.

UnitedHealth Group ( UNH ) suspended its full-year outlook amid higher-than-expected medical costs, while the health insurance giant said that Andrew Witty stepped down as chief executive due to "personal reasons." The company's shares slumped 16%, the worst performer on the Dow and the S&P 500.

West Texas Intermediate crude oil was up 3% at $63.78 a barrel intraday.

Gold rose 0.7% to $3,249 per troy ounce, while silver added 1.3% to $33.05 per ounce.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Gold rate today: Yellow metal trades higher; may face resistance at Rs 49,600 per 10 grams
Gold rate today: Yellow metal trades higher; may face resistance at Rs 49,600 per 10 grams
May 31, 2021
Gold prices in India traded higher on the Multi Commodity Exchange (MCX) Monday following a positive trend in the international spot prices as the US consumer prices increased more than expected in April, analysts said. At 12:45 pm, gold futures for August delivery rose 0.37 percent to Rs 49,332 per 10 grams as against the previous close of Rs 49,150 and opening price of Rs 49,193 on the MCX. Silver futures traded 0.42 percent higher at Rs 71,910 per kg. The prices opened at Rs 72,000 as compared to the previous close of Rs 71,611 per kg.
Sensex at 2,00,000 in 10 years, says Motilal Oswal's Raamdeo Agrawal
Sensex at 2,00,000 in 10 years, says Motilal Oswal's Raamdeo Agrawal
May 31, 2021
Sensex can hit the 2 lakh mark in the next 10 years, said veteran market expert Raamdeo Agarwal, indicating an annualised growth rate of nearly 15 percent for the BSE frontline index from the current levels. Agrawal, chairman of Motilal Oswal Financial Services, also expects India to be a $5 trillion economy by FY29.
PNB Housing Finance shares hit 20% upper circuit after board approves raising Rs 4,000 cr
PNB Housing Finance shares hit 20% upper circuit after board approves raising Rs 4,000 cr
May 31, 2021
The shares of PNB Housing Finance were trading at Rs 525.65, up Rs 87.60, or 20 percent, at 11:50 am.
Moneycontrol Pro Ideas For Profit: Why investors should focus on City Union Bank
Moneycontrol Pro Ideas For Profit: Why investors should focus on City Union Bank
May 31, 2021
City Union Bank is a mid-sized private sector bank. The bank reported subdued performance in FY21 due to the pandemic. Loan growth was muted and mainly driven by the government ECLGS scheme and gold loans which increased by 97 percent during the year.
Copyright 2023-2026 - www.financetom.com All Rights Reserved